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In their analysis of the green challenge Mazzucato and Semieniuk (2017) state: In sum the patterns we see in public financing for innovation in renewable

In their analysis of the green challenge Mazzucato and Semieniuk (2017) state: "In sum the patterns we see in public financing for innovation in renewable energy, and clean tech more generally, are very far removed from the indirect policies recommended by a market failure approach."

Explain and critically evaluate the analysis put forward by Mazzucato and Semieniuk in this area.

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