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:

    My first childish doubt as to whether God could really be a good Protestant was suggested by my observation of the deplorable fact that the best voices available for combination with my mother’s in the works of the great composers had been unaccountably vouchsafed to Roman Catholics.
    George Bernard Shaw (1856–1950)

    Let us begin to understand the argument.
    There is a solution to everything: Science.
    Allen Tate (1899–1979)