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Yes, a very important principle. See also road building and induced demand. Therefore we should be working to reduce supply of fossil fuels, to 'keep it in the
by somewhereoutth 4y ago
Yes, a very important principle. See also road building and induced demand.
Therefore we should be working to reduce supply of fossil fuels, to 'keep it in the ground'. If there is less to go round, then efficiencies will still be found but used to maintain what we had (as far as practicable) as opposed to increasing demand
- fmajid 4y agoThe concept of “induced demand” as if it’s a bad thing is irredeemably stupid. It’s like saying “adding Internet bandwidth is pointless because demand will just rise to match capacity, and we should go back to the days of 56K modems”.
- somewhereoutth 4y agoIt is a bad thing if we fully understand the personal and social cost of car driving.
- alex_sf 4y agoWhich then goes right back to the criticism at the top of this thread: just raise prices and kill poor people.
- somewhereoutth 4y agoRaise prices yes, but also redistribute wealth so that poor people don't die. Above a reasonable threshold, personal wealth is arguably theft from the commons anyway.
- cloutiertyler 4y agoI assume you recognize that if you raise prices but also redistribute wealth, people would still collectively continue to use the resource in the same amount. Someone has to go without to reduce the total consumption. Who is it in your example? And by how much such that the total usage decreases?