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Thanks - I think this is a really good articulation of how hard it is to contract for multiple benefits. To be honest, I am not convinced stacking will ever work at scale (not least because of the risk of high transaction costs) - but it might be possible to achieve something similar via regulation and some simpler rules to thumb.

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Andrew Sissons

I’m an economist and policy wonk who’s worked in a range of different fields. I mostly write about economic growth and climate change, and sometimes both.