Thursday, June 12, 2008

Real energy policy

Books of Account
Keeping the Lights On: Towards Sustainable Electricity
Walt Patterson
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Towards energy reconfiguration

Company A invests in a new power station to sell electricity, and claims tax relief. Another company manufactures energy-efficient refrigerators to make the new power station unnecessary, but gets no tax relief on investments.
Such anomaly, replicated across the entire energy infrastructure, skews the pattern severely in favour of more investment to deliver fuels and electricity, and less investment to deliver better energy services, laments Walt Patterson in Keeping the Lights On: Towards Sustainable Electricity.


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