What the government role in energy

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Government's Role in Energy

Discussion 1: There are two important sources of energy: renewable and non-renewable sources. Given the implications of externalities, this undermines the ability of a market to produce efficient outcomes that are present in both sources of energy. What role should the government provide in this market to bring about efficiency? In your answer, pick one renewable source (i.e. wind power) and one non-renewable source (i.e. coal) and estimate the role of the government in these particular markets to bring about efficiency in the market. What are the implications of allowing either the public or private sector to bring about efficient market outcomes?

Reference no: EM132491664

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