Paul Krugman writes:
You might say that this is my answer to those who cheerfully assert that human ingenuity and technological progress will solve all our problems. For the last 35 years, progress on energy technologies has consistently fallen below expectations.
It’s worth noting that if we had to build today’s energy infrastructure working under the current regulatory and NIMBY burden, it probably could not be done. So it shouldn’t be surprising that building a new energy infrastructure is proving so hard. There’s a reason why many of us think deregulation is a big issue and it’s not because we want to see people poisoned by Chinese botchagaloop.