By Kelly Sims Gallagher, David T. Ellwood
Power coverage is on everyone's brain nowadays. The U.S. presidential crusade all for power independence and exploration ("Drill, child, drill!"), weather switch, substitute fuels, even nuclear power. yet there's a significant issue endemic to America's strength demanding situations. Policymakers are inclined to just do sufficient to fulfill political calls for yet no longer sufficient to unravel the true difficulties, and so they wait too lengthy to behave. The ensuing regulations are overly reactive, enacted as soon as harm is already performed, and they're too frequently incomplete, incoherent, and ineffectual. Given the gravity of present monetary, geopolitical, and environmental matters, this can be extra unacceptable than ever. this significant quantity information this challenge, making transparent the unlucky result of such short-sighted pondering, and it proposes measures to beat this counterproductive tendency. the entire individuals to appearing in Time on power coverage are affiliated with Harvard college and rank between America's pre-eminent power coverage analysts. They take on vital questions as they pertain to precise parts of power coverage: Why are those elements of strength coverage so vital? How could "acting in time"?—i.e. no longer ready till politics calls for action?—make a distinction? What should still our coverage truly be? we have to get strength coverage correct this time?—Gallagher and her colleagues support prepared the ground.
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Additional info for Acting in Time on Energy Policy
UN Framework Convention on Climate Change (UNFCCC). 2007. ” Report FCCC/SBI/2007/30 (October ). Unruh, Gregory C. ” Energy Policy 28, no. 12: 817–30. S. Environmental Protection Agency. 2008. S. ” USEPA 430-R-08-005 (April). S. National Petroleum Council. 2007. Hard Truths: Facing Hard Truths about Energy. Washington. S. Senate. Committee on Environment and Public Works. 2007. “Testimony of Peter A. ” Hearing on Examining Global Warming in the Power Plant Sector. 110 Cong. 1 sess. (June 28). Wang, Tao, and James Watson.
If demand persistently escalated faster than supply, then costs could turn out to be substantially higher for carbon mitigation than they might otherwise be through a predictable and steady demand growth that could easily be anticipated and matched by suppliers; this situation, in turn, could cause inflation. Factors that could contribute to higher prices include materials scarcity (for example, silicon for photovoltaic cells), trained-labor scarcity (for example, personnel and firms capable of operating carbon storage facilities), and decommissioning costs.
William D. Nordhaus, “‘The Question of Global Warming’: An Exchange,” New York Review of Books, September 25, 2008. 34. International Energy Agency (2007). 35. S. National Petroleum Council (2007, chapter 2). 38 During the period 1992–2002, only the economies in transition achieved negative annual growth rates in energy-related CO2 emissions greater than 1 percent: their negative annual growth rates were minus 3 percent a year. ”40 Energy structures have long lifetimes, ranging from 10–15 years for cars to 20–60 years for energy supply facilities and plants to hundreds of years for buildings.
Acting in Time on Energy Policy by Kelly Sims Gallagher, David T. Ellwood