Rebound Effect (conservation) - Suggested Solution

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:

    He suggested that there might be men of genius in the lowest grades of life, however permanently humble and illiterate, who take their own view always, or do not pretend to see at all; who are as bottomless even as Walden Pond was thought to be, though they may be dark and muddy.
    Henry David Thoreau (1817–1862)

    Coming out, all the way out, is offered more and more as the political solution to our oppression. The argument goes that, if people could see just how many of us there are, some in very important places, the negative stereotype would vanish overnight. ...It is far more realistic to suppose that, if the tenth of the population that is gay became visible tomorrow, the panic of the majority of people would inspire repressive legislation of a sort that would shock even the pessimists among us.
    Jane Rule (b. 1931)