A large government presence required for energy transition does not mean massive deficits are required

Created
Mon, 03/07/2023 - 13:20
Updated
Mon, 03/07/2023 - 13:20
There appears to be confusion among those interested in Modern Monetary Theory (MMT) as to what the implications for a green transition that will fasttrack the transition to renewable energy will require by way of government. I regularly see statements that government deficits will have to be ‘massive’ for extended periods because the private (for…