Energy Economics

Your readings this week discuss the natural gas crisis of 1974-1975 as created by faulty policy. Discuss the exact cause of this crisis and how might it have been avoided. Then, reread example 8.4 (Renewable Energy Credits) and example 8.5 (Feed-in Tariffs) in your text. Which of these strategies do you believe will more effectively increase the use of renewable energy and result in better economic benefits to the nation as a whole? Make sure to back up your decision with at least one scholarly source.

 

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