Pushing on a String

The grandiosity of the scheme is reminiscent of another failed European megaproject, Desertec. The intuition behind Desertec was to generate PV energy in the Sahara Desert and transport it to Europe. Desertec was set up by a network of politicians, scientists, and economists which itself was founded by the Club of Rome, of all organizations. It was

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Robert Habeck should take some cues from the fate of Desertec. Politically motivated grand projects are not known for strong governance structures. Governmental ministers can mobilize large quantities of money, but they don’t have accountability for a financial or broader economic return on that money. That leads to attrition and waste in the best

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