Publication: CNBC
UCLA Expert: Alex Wang: Professor, UCLA Law School; Affiliate, UCLA Institute of the Environment and Sustainability; Affiliate, UCLA International Institute Center for Chinese Studies
Synopsis: CNBC aired a segment featuring Wang as he discussed the careful balance that must be found between over-subsidizing green technology and creating meaningful economic growth.
UCLA News: Wang uses his expertise in environmental regulation to weigh in on subsidizing sustainable technology. “That’s going to be a difficult balance. As someone who works on environmental regulation, I’m generally supportive of subsidies for green technologies, be it renewable energy or EVs. But when you subsidize a lot, it could lead to … willy-nilly growth.”
Watch the segment at CNBC.