Cracking the Carbon Code Step Two: Build a Fence

Terry Tamminen

Chapter Chapter 3 in Cracking the Carbon Code, 2011, pp 41-59 from Palgrave Macmillan

Abstract: Abstract In the 1950s, government and industry officials said nuclear power would be so inexpensive, there would be no need to meter it. In other words, electricity would be free. Imagine that you had built a business at that time based on this premise, but today the local nuclear power plant decided to begin charging for electricity after all. You would look at your company through a very different lens, adjusting to an increase in a cost of production that was as significant to your bottom line as it was unexpected. Electricity-hungry businesses would suddenly be worth much less than those that put a premium on efficiency or used their own sources of renewable energy such as solar and wind power. Stock values would be revised over time as charges for electricity mounted. Many previous darlings of Wall Street would be dogs, and vice versa.

Keywords: Carbon Emission; Mutual Fund; Carbon Footprint; International Standard Organization; Carbon Intensity (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11670-2_3

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DOI: 10.1057/9780230116702_3

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