In a worldwide search for sustainable development, the energy sector
seems to be a viable target for radireform. Even in the dominant coal-fired power industry, much thought
has gone into reducing carbon emission
for unit power generation. The OECD countries, over this century,
have shown a good result on that count. B,
fiscal manipulation turns out to be the most effective tool for
reaching an efficient power consumption pattern.
Environmental economists all over the viorld have recommended an end
to energy subsidy that only encouragM
more consumption and hence, more carbon emission. The developing
countries, though a bit late, have als
started pricing adjustments of energy. Countries like Argentina and
Chile hope to achieve an efficient price
AD 2000, while Nigeria, Turkey and Pakistan will keep subsidising
wasteful and cheaper electricity.
While looking for a radical solution towards energy efficiency, a
Chinese study reveals an interesting
possibility of reducing energy consumption by 37 percent just by
changing the product mix of the country.
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