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Inflation, high interest rates are threatening energy innovation. Here’s what the US can do

Shon Hiatt writes in The Hill about ways to counter inflation and high interest rates for innovation.

The C3 Take
  • From offshore wind to advanced nuclear, high interest rates and inflation have killed innovative projects in the U.S.
  • Lawmakers can address these challenges by getting out of the way and making it easier to innovate.
  • One way they can do this is through regulatory reform and modernizing the country’s archaic permitting system.
  • Policymakers should also refrain from protectionism and embrace free trade to lower the cost of materials and increase the exportation of innovative technologies.

“Entrepreneurship can move us away from a climate that is stifling innovation and toward a reliable, affordable and clean energy future. For that to happen, though, we need to support entrepreneurs and eliminate the restrictions that stand in the way of their ingenuity.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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