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> It will also reduce the size of the economy. It's hard to argue that inefficiency is good for the economy. In fact, proponents of alternative macroeconomic m
by way2throw 13y ago
> It will also reduce the size of the economy.
It's hard to argue that inefficiency is good for the economy. In fact, proponents of alternative macroeconomic metrics cite the GDP's bias against efficient renewable energy as one of its flaws [1].
If you pursue a bigger economy without considering efficiency and the societal benefits of other labor/capital allocations, you run the risk of prescribing bad policies. E.g., a government can grow GDP just by hiring idle workers to dig ditches one day and fill them back in the next.
[1] de Graaf and Batker. What's the Economy For, Anyway?
- waps 13y agoDistributed power generation can never match the efficiency of centralized, for obvious reasons. This may not matter for renewables, as there's no fuel burned ... but ... I doubt it will turn out that way. So a larger cost will be much more efficiently distributed amongst it's users.
- way2throw 13y agoBy efficient I meant it achieves the same result with less cost, not that it minimizes electricity waste. If distributed solar "will also reduce the size of the economy", doesn't that mean it's more efficient?