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Megan Hogan (PIIE)
Local and national governments are adding needless costs to global wind and solar projects by insisting firms source a portion of products or services locally. These local content requirements (LCRs) distort competition, reduce domestic competitiveness, and hamper the global transition to renewable energy sources, ultimately aggravating rather than mitigating climate change.
The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.
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REUTERS/Natalie Behring
Financial decoupling farfetched