The High Cost of Decarbonizing the Economy
Dieter Helm, professor of energy policy at Oxford | March 14, 2008
The US and the EU should stop priding themselves for having slowed or reduced their CO2 output mainly thanks to the outsourcing of production to other parts of the world. ++ Environmentally sustainable consumption will require cutting living standards and massively restructuring major economies. ++ As consumption rather than production matters, biofuels and renewables are compounding the problem.
