Very interesting result! What struck me most: nobody picked “depends”. I think that’s the right answer, but the question is, of course, "on what". To answer this, let’s start with some general thoughts about the role of voters and interst groups in policymaking.

https://twitter.com/edenhofer_jacob/status/2012249546110202203

**

Simplifying crudely, think of both as "principals" that can impose political losses on a policymaker when (s)he deviates from their "bliss point", their ideal. In climate policy, two forces change which constraint binds as decarbonisation deepens: 1. Rising marginal adjustment **

costs as stringency increases (low-hanging fruit are reaped). 2. Cost incidence visibility / attri…

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