Guardian: As the coalition prepares to introduce its energy bill into Parliament in the next few weeks, it must demonstrate political leadership and ensure that its policy is based on robust economic analysis, recognising and addressing failures of the market. The most obvious market failure is created by the fact that, without policy, the price of products and services that involve emissions of greenhouse gases does not reflect the costs of damage caused by climate change. A strong and stable carbon...
URL: http://www.guardian.co.uk/commentisfree/2012/oct/14/nicholas-stern-subsidies-for-renewable-energy
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