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We need to start heavily regulating unchecked industrial resource usage of public utilities like power and water. There needs to be a penalty/incentive for cons
by jeffwask 3y ago
We need to start heavily regulating unchecked industrial resource usage of public utilities like power and water. There needs to be a penalty/incentive for conservation.
- MattGaiser 3y agoYou can regulate it pretty easily with appropriate pricing. The problem is that plenty of jurisdictions are willing to price industrial rates quite low for the sake of jobs and jurisdictions are in competition for those. So "wasteful" is largely determined, as far as the government is concerned, by whether a lot of jobs are produced.
- abdullahkhalids 3y agoIt's not easy. Obviously, different industries have differing abilities in how much they can conserve. So, naturally your penalty/incentive structure has to be customized per industry to make it effective. But that immediately leads to rich industrialists to start lobbying (read bribing) politicians to help their industry more than other industries. It's not clear if the country becomes richer by giving the government this type of regulatory power.