|
|
|
| |
Increased fuel efficiency, however, is not free. … Any truly cost-effective increase in fuel efficiency would already have been made.
—Former Council of Economic Advisers Chairman N. Gregory Mankiw, 2007
|
|
| |
Importance: Orthodox economists say energy-efficiency programs always waste money, while physicists say they are all we need. This causes governmental paralysis.
Main Ideas:
• Consumers are "myopic" about long-term energy costs.
• This is not the low-carbon-price problem, so efficiency programs make sense.
• Increased efficiency, without a price increase, causes energy "take-back."
• Success requires economic carbon pricing and efficiency programs.
|
|
http://stoft.com/p/28.html | 01/06/09 03:40 GMT
Modified: Mon, 05 Jan 2009 00:07:26 GMT
|
|
| |
Look Inside on Amazon
China has nixed caps for 15 years. Kyoto is stuck. Addiction continues. OPEC will soon return.
Environmental & energy-security forces distrust each other.
Carbonomics shows the policies of cooperation, the only path to success.
|
|
|
