"Recent estimates by economists suggest that electricity prices would have to increase by 1.4 cents per kilowatt hour from their current 9.1 cents per kilowatt hour to account for environmental damages. That’s not enough to make it economically worthwhile to buy many of the energy-efficient appliances and lights bulbs adored by the would-be regulators."
Wednesday, March 23, 2011
Even With Taxes To Cover Environmental Damage, Energy Efficient Appliances Pushed By Government May Not Be Necessary
See Economic Efficiency by Peter van Doren, a senior fellow at the Cato Institute and editor of Regulation. Excerpt:
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