> we need intelligent regulation
Absolutely. Poorly thought out, too strict, performative, or obsolete regulations create opposition for any regulation.
I also think we need to co-opt the “enemy” to be regulated, in their terms. E.g. get all the major fossil fuel CFO’s in a room, and figure out the financials encouraging green energy, and away from polluting and geopolitically complicated energy, that would make cold business sense for them.
Include and involve the military, insurance giants, large food security/supply chain companies like Cargill, reactor companies, big enterprise customers that want rapid energy growth, and all the other major sectors that take climate change and energy expansion seriously and will get value out of a more stable world, with better energy technology in practical terms. The people that CEOs respect.
Once the biggest resisters can profit off not resisting, you will see a genuine change of heart. That can sound very cynical, but it’s just how people are. “First, I shall do no damage to my own turf.” But once they take a new position, their power doesn’t just cease it’s friction, but becomes another rocket for progress.
Whatever tax breaks and other incentives it took, to make green their best move, would be worth it. Bribe? Maybe. Better understood as the cost of faster consensus and coordination. Where the price of waiting for everyone to change due to the hardship that is being locked in, is so much higher.
On the other hand, after consensus, change itself needs to happen smoothly, not suddenly. Incentives and disincentive need to operate slower than we might want to make change practical. The most important thing is that those reinforcers are credible. Companies are forward looking. They will naturally move their investments today where the profits will credibly be tomorrow. They don’t need to feel pain, just know what to do to avoid it, and most importantly, prosper.