Earlier quoted context omitted.
> It would indeed be incredibly exciting if it would lead to a less silly explanation of the redshift than "universe is expanding". It won't. There is no question about whether the universe is expanding. The issue is over how fast it is expanding; we have two different theoretical models that are giving different answers, and we don't understand (yet) how to reconcile them.
Not a physicist, but why isn't the simple explanation that light loses energy over cosmological distances not also a valid explanation of redshift? We already know that energy isn't conserved at those scales.
It depends on what you mean by "light loses energy over cosmological distances". See below.
> We already know that energy isn't conserved at those scales.
This suggests that what you mean by "light loses energy over cosmological distances" is that the universe is expanding while the light travels, and in an expanding universe, total energy is not conserved. That is true, and that is the redshift due to the universe expanding--it's not something different.
If, however, you are working from the hypothesis that the universe is not expanding, then energy is conserved even over cosmological distances, so I don't understand what you mean by invoking "energy isn't conserved" as an explanation for the redshift.
If you're referring to the "tired light" hypothesis, that's been known to be unviable for decades.