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It's hard to export electricity though. Probably better for economic development to focus on industries that can export.
by jeffreyrogers 7y ago
It's hard to export electricity though. Probably better for economic development to focus on industries that can export.
- marcosdumay 7y agoSo what? If you make electricity cheap, somebody will put it to good use, and whether it's exported or not, you are improving people's lives.
- bakuninsbart 7y agoThey should at least be a major international proponent of CO2 taxes and improve their chances of becoming a valuable relocation target for energy-intensive industries.
- BurningFrog 7y agoIceland already has those industries.
- scythe 7y agoBut if you have plenty of cheap electricity, you can export energy-intensive goods, like aluminum, where the cost of production is dominated by energy consumption