Category Archives: Energy

Do We Need a Renewables Policy?

Question: If an effective carbon tax or cap-and-trade policy is in place to limit greenhouse gas emissions, is there any point in having a separate policy to promote renewable energy sources? I have read several times recently that the answer … Continue reading

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The Oil Demand Debate

Improved fuel efficiency and substitution of natural gas will restrain world oil demand over the next decade.  But will these effects be enough to offset increasing demand from emerging economies? This important debate could be sharpened by clearer economic language. … Continue reading

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Managing Natural Capital in England

England has established a Natural Capital Committee to advise the government on the efficient and sustainable management of the country’s natural wealth.  In April 2013 the committee published its first report and invited comments.  Below is an abbreviated version of … Continue reading

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Lessons from the Industrial Revolution

The economics of energy in the 18th century offers lessons for the present. I recently read Robert Allen’s The British Industrial Revolution in Global Perspective (1), a fascinating analysis of why the industrial revolution happened, why it happened in Britain, … Continue reading

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