Social Costs of Energy: Present Status and Future Trends - download pdf or read online
By Dr. Olav Hohmeyer, Prof Dr. Richard L. Ottinger (auth.), Dr. Olav Hohmeyer, Prof Dr. Richard L. Ottinger (eds.)
Although latest politics looks preoccupied with questions of financial progress and entire employment, the elemental environmental difficulties stemming from the interactions of the industrial sphere with worldwide, neighborhood and native environments persist and should have a good better influence sooner or later. If financial system and ecology should not reconciled within the years yet to come, mankind would not have a sustainable destiny in the world. the common negation of environmental difficulties in occasions of monetary drawback is partly because environmental and wellbeing and fitness damages of monetary actions are neither priced nor incorporated in our industry cost procedure. this permits politicians to concentration their recognition on inadequate financial symptoms which don't mirror the particular improvement of the welfare of society. If fiscal lead symptoms like GDP or stability of alternate figures have been higher built-in with details at the environmental and well-being expenses as a result of the probably valuable monetary improvement, politicians may have larger counsel as to what coverage offerings would receive advantages society most.
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Additional info for Social Costs of Energy: Present Status and Future Trends
And the marginal control cost at the source selling the permits is internalized in the bid of the new source through the necessity to purchase permits at Pi =3P*. So, the adder is zero in the case of a permit system with optimally designed trading rules. 12 For details concerning optimal trading rules, see, for example, Tietenberg (1985), or Bohm and Russell (1985). 26 Table 2: Marginal Social Costs of Production at a New Source in the Case of Tradable Emissions Permits when the Pollutant is not Uniformly-Mixing 1.
Processes now used to estimate the cost of "environmental damage" should continue to be evaluated as a component of cost-benefit analyses. Information from such evaluations may provide useful data to influence new and revised environmental laws and regulations. The appropriate role for rate regulators is to insure that utilities anticipate the potential for such changes and factor them into their resource plans. References and Endnotes 1 See written testimony of John W. S. House of Representatives Committee on Energy and Commerce, Subcommittee on Energy and Power.
This would encourage sources to develop and implement relatively low cost emission reduction programs, consistent with scientific evidence on the cost of damage. Credits should be given for emissions offsets. Each affected party could then assess its control and offset opportunities, and determine the best economic course of action. " 2 The name "New England Electric System" means the trustee or trustees for the time being (as trustee or trustees, but not personally) under an agreement and declaration of trust dated January 2, 1976, as amended, which is hereby referred to, and a copy which as amended has been filed with the Secretary of the Commonwealth of Massachusetts.
Social Costs of Energy: Present Status and Future Trends by Dr. Olav Hohmeyer, Prof Dr. Richard L. Ottinger (auth.), Dr. Olav Hohmeyer, Prof Dr. Richard L. Ottinger (eds.)