Suggested Solution
In order to ensure that efficiency enhancing technological improvements actually reduce fuel use, the ecological economists Mathis Wackernagel and William Rees have suggested that any cost savings from efficiency gains be "taxed away or otherwise removed from further economic circulation. Preferably they should be captured for reinvestment in natural capital rehabilitation." This can be achieved through, for example, the imposition of a green tax, a cap and trade program, or higher fuel taxes.
Read more about this topic: Rebound Effect (conservation)
Famous quotes containing the words suggested and/or solution:
“I suggested a doubt, that if I were to reside in London, the exquisite zest with which I relished it in occasional visits might go off, and I might grow tired of it. JOHNSON. “ ... No, Sir, when a man is tired of London, he is tired of life; for there is in London all that life can afford.””
—Samuel Johnson (1709–1784)
“I can’t quite define my aversion to asking questions of strangers. From snatches of family battles which I have heard drifting up from railway stations and street corners, I gather that there are a great many men who share my dislike for it, as well as an equal number of women who ... believe it to be the solution to most of this world’s problems.”
—Robert Benchley (1889–1945)