Correct decision, wrong arguments

The European Parliament has decided. The share of biofuels in the fuel mix will be reduced from 10 to 6% in 2020. Is that disastrous or beneficial, on the contrary? And why? According to European figures, biofuels would contribute a … Read more

A perverse effect of subsidies

Subsidies play a difficult but unavoidable part in the stimulation of new technologies. With subsidies, new and superior technologies can compete with incumbent technologies. Subsidies protect them temporarily from the chilly force of the market. But subsidies, so it appears, … Read more