Proponents of LCRs point to the positive spill-over effects for the environment in the medium term. By increasing the number of players in the international market, proponents of LCRs contend that, in the medium term, greater competition will spur innovation in the renewable energy sector and consequently lower green technology costs. Following this line of argument, the medium- term benefits will compensate the short-term disadvantages in terms of greater production costs. In addition, proponents claim that, by promoting the transfer of technology, LCRs foster sustainable practices worldwide.
Proponents of LCRs point to the positive spill-over effects for the environment in the medium term. By increasing the number of players in the international market, proponents of LCRs contend that, in the medium term, greater competition will spur innovation in the renewable energy sector and consequently lower green technology costs. Following this line of argument, the medium- term benefits will compensate the short-term disadvantages in terms of greater production costs. In addition, proponents claim that, by promoting the transfer of technology, LCRs foster sustainable practices worldwide.
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