We examined the PM's bizarre proposal to have a large gas fired power station.
Everything would go swimmingly if we simply introduced a price on carbon. We both deal with the negative externalities and ensure business knows what is occurring.
The electricity industry in particular would boom in terms of renewables.
Another industry to benefit would be transport. It would exacerbate the trend to electric and hybrid cars. Of course much stronger emission standards would help. As we have said previously if we had the same standards as say Europe car prices should fall.
No comments:
Post a Comment