Archive for August 6th, 2007

Carbon Regulator Agonistes

6th 2007f August, 2007, Peter

Any regulated scheme will generate anomalies. One has just come to light in New South Australia, where the Snowy River Hydro-Electric Power Generating Company has received received financial rewards for switching to gas-fired power generation, even though this has increased the company’s carbon emissions. The problem arises because of what they switched from: [...]