By Peter Pearson (eds.)
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Extra resources for Energy Policies in an Uncertain World
Thus they allocate a budget for the preferred fuel over time. If (mostly, when) that allocation is used up they then switch to the lesspreferred fuel This clearly exhibits the flexibility that would be an essential part of any fuel-switching which may take place. While the case for substitution is far from proven and much more evidence is needed I would venture to suggest that there are at least grounds for consideringprice-ind ucedsubstitutiona plausible possibility. 3 Proposition 3: too much wood is being used What constitutes 'too much' is a complex: and controversial subject and serious economic discussion would require reference to the literature on depletion and optimal production levels, in the context of a specific Energy Policy in Less-Developed Countries 17 country.
The unhappy experience of British nuclear power programmes in the 1950s and 1960s demonstrates this point It is sometimes said that the success of the French nuclear power programme demonstrates the opposite. But it can equally be argued that the massive surplus of electricity in France has been secured at the expense of overinvestment in nuclear energy. Fourth, the instruments of energy policy should be kept as flexible as possible. This is more easily said than done, for many of the instruments available to governments are singularly difficult to remove, once they have been put in place.
Bird, R M and Oldman, 0 (eds), 1975, Readings on Taxation in Dewloping Countries, The Johns Hopkins University Press, Baltimore. Energy Policy in Less-Developed Countries 27 Blaikie, P, 1985, The Political Economy or Soil Erosion, Longman, London. Brown, L Rand Wolf, E C, 1984, 'Soil Erosion: Quiet Crisis in the World Economy', Worldwatch Paper 60, Worldwatch Institute, Washington, DC. Buchanan, J M, 1978, The Economics or Politics, Institute of Economic Affairs, London. Burrows, P, 1979, The Economic Theory or Pollution Control, Martin Robertson, Oxford.
Energy Policies in an Uncertain World by Peter Pearson (eds.)