By C. Mitchell
This publication analyzes the level to which the present political paradigm is in a position to assembly the demanding situations of weather swap. putting the united kingdom in comparative standpoint, top power professional Catherine Mitchell argues for a brand new method of impending coverage in the direction of strength and sustainability
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Additional resources for The Political Economy of Sustainable Energy (Energy, Climate and the Environment)
The previous political paradigm – the Keynesian Interventionist State – came into being after the Second World War when there was a generalized move towards the view that the effort of the previous years should lead to a better standard of living and sense of inclusion for a wider proportion of the British population. This permeated society, but included the creation of the National Health Service; the mass building of council houses; and the opening up of state education, including at university level.
While much of the sector should be regulated for competition and incentives for price reduction as with other sectors, it is a sector which is important in ways that others are not. Because of this, its economic regulation has to be designed to recognize this, and at the very least not make things worse by constraining or channelling technology development. Principles of the political paradigm The historical context discussed above has set out what the new regulatory state was trying to get away from and some of the ideas it was trying to institute.
Not picking winners’ and choice on ‘price’ can be viewed, at best, as an entirely unsophisticated instrument of technological support. It is an ‘opt out’ from technology and innovation theories, based on empirical studies (Jacobsson and Bergek, 2004). Early and quick price reduction may not mean the technology will prove commercially or even technically viable in the longer term. Ignoring the requirements of technology development while at the same time talking of combating climate change is, at best, the Government putting its head in the sand.
The Political Economy of Sustainable Energy (Energy, Climate and the Environment) by C. Mitchell