Article from: OGEL 4 (2006), in Geopolitics of Energy
This comment deals with the recent energy policy statements issued by the EU, the UK DTI, and the G8. From an economists' perspective, all three statements leave out the most important information about costs and trade-offs. Instead, they try to be everything to everybody, in a costless world of perfect consistency. The author tries to puncture that balloon and to encourage more complete, quantitative analyses as a basis for arriving at a consensus about energy policies.