Uncertainties in Energy Policies Essay

1761 Words 8 Pages
Energy policy and plans are laid out with two kinds of objectives viz. Means objectives and Final objectives. The final objectives are ultimate goals of reducing the negative impacts of climate change and creating a sustainable human environment that is progressive. The means objectives are intermediate steps laid out to achieve the final objective. There are three means objectives laid out by MacKay that are commonly accepted viz. Environment/Safety (human dimension), Energy security and Economic development. The Environment/Safety involves factors such as Green House Gases (GHG’s), NOx, SOx, ash, Hg, volatile organic compounds (VOC’s), Particulate matter (PM2.5, PM10), Thermal shock, radioactive waste, land use, etc. Energy security involves import oil dependence, nuclear power, shale gas and uninterruptible supplies. Economic development involves low energy cost, availability of energy (chiefly electricity), clean manufacturing practices, etc. Another dimension is process, selecting the form of process or even creating a process to achieve an objective. Means based objectives and Final objectives are weighed against each other and against cost using a cost benefit analysis that gives trade off among these objectives.
The means to achieve such objectives are mandates, incentives/penalties, markets and volunteers. The mandates involve ban, restrictions, requirements, quotas, government purchase, etc. The incentives/ penalties involve subsidies, tax credits, grants, fines,…