Friday, September 28, 2007

Unit 2: Negative externalities: More on lightbulbs

The BBC reports that the UK is to follow Australia (see blog for 21st Feb 2007) in phasing out traditional lightbulbs

http://news.bbc.co.uk/1/hi/uk/7016020.stm

a) What is the main difference between the Uk and Australian proposals?
b) Comment on which approach is most likely to succeed in reducing the negative externalities quickest.

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