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Re: [Pen-l] response to global warming. was European carbon market crashing
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] response to global warming. was European carbon market crashing
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Tue, 10 Feb 2009 11:13:12 -0800
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Sandwichman wrote:
>>> It goes without saying that the Sandwichman agrees. The Jevons paradox
>>> is the kicker here. Yes, we can produce cleaner energy... and the
>>> cleaner we can make it the more we'll use.
me:
>> what if the cleaner energy is more expensive, as under a carbon tax?
>> do we typically use more of something when its price goes up (all else
>> constant)?
Sandwichman now writes:
> Well, maybe I should have just said "all else constant" and beat you to it.
All else constant, if the price of carbon-based energy rises, the
quantity demanded will go down (except in rare situations which I
doubt apply here). Are you saying that something _isn't_ constant that
would cause more carbon-based energy to be used _even though_ the
price of it would be rising? What is that "something"?
--
Jim Devine / "Disbelief in magic can force a poor soul into believing
in government and business." -- Tom Robbins
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