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Unfortunately, politicians couldn’t help but push their economies to try to increase the amount of wind and solar power utilized. They used subsidies that made the policy’s cost much more expensive. In total, the researchers have found that the total EU policy will end up costing around 2.2 percent of GDP, more than double what the price tag could have been had the EU’s politicians made more effective choices.
False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet
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