Despite being much more complex, energy policy may also be evaluated. Suffice to say that any policy is comprised of regulations which the government uses to achieve such results as higher capital expenditures or lower energy consumption per production unit. At the heart of each such regulation lies a cause-and-effect relationship linking the instrument (regulation) to the outcome (desired result). Even if this relationship is highly complex, it should lend itself to a factual evaluation, as the regulator must have connected the effect and cause somehow. Seeing that such a mechanism exists, we may ‘replicate’ it using our economic and social knowledge to verify whether it can deliver the expected results.
Posted on: Tue, 21 Oct 2014 12:09:23 +0000
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