Energy vs the environment |
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Authors: | Tracy Lewis |
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Institution: | Bureau of Economics, Federal Trade Commission, Washington, D.C. 20580, USA |
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Abstract: | Optimal development programs that explicitly account for the environment impacts of extracting energy resources are analyzed. Possibilities of storing the resources above ground once it has been extracted are examined When environmental disruption results from resource extraction, as in the case of strip mining or drilling for oil, then the socially optimal rates of resource consumption and extraction depend on the type and severity of the environmental impact and on the prospects of storing the resource above ground. |
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