Btw, another effect to consider is anticipation. Investors in Poland already know that new farms face a high risk of being blocked or delayed by protests. Given this, they may (a) decide not to build farms at all (but someone else might build them instead), (b) shift their plans to other countries where protests are less likely, or (c) submit more applications than they really need, expecting some to be blocked. Since the campaign has been active for years, it’s possible the market has already adapted to the reality that building new farms in Poland is unusually difficult, and has found alternative ways to meet the demand.
Btw, another effect to consider is anticipation. Investors in Poland already know that new farms face a high risk of being blocked or delayed by protests. Given this, they may (a) decide not to build farms at all (but someone else might build them instead), (b) shift their plans to other countries where protests are less likely, or (c) submit more applications than they really need, expecting some to be blocked. Since the campaign has been active for years, it’s possible the market has already adapted to the reality that building new farms in Poland is unusually difficult, and has found alternative ways to meet the demand.
Thanks, Saulius! That makes sense.