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:
“Your rat tail is all the fashion now. I prefer a bushy plume, carried straight up. You are Siamese and your ancestors lived in trees. Mine lived in palaces. It has been suggested to me that I am a bit of a snob. How true! I prefer to be.”
—Raymond Chandler (18881959)
“All the followers of science are fully persuaded that the processes of investigation, if only pushed far enough, will give one certain solution to each question to which they can be applied.... This great law is embodied in the conception of truth and reality. The opinion which is fated to be ultimately agreed to by all who investigate is what we mean by the truth, and the object represented in this opinion is the real.”
—Charles Sanders Peirce (18391914)