Environmental Progress thru Competition!
Environmental Progress thru Competition! Ganga Prasad G. Rao http://myprofile.cos.com/gangar Lok Sabha TV is a pleasant surprise. Yeah, they telecast some sessions of the Lower House, but it is far more than a peek in to the hell-house that we elect our representatives in to. And I don't just mean the cultural presentations. Late night this week, I happened to switch in to the Principal Advisor of the Planning Commission, Suresh Sethi, discussing energy policy matters on the channel. For once, I did not switch to the F channel. Believe me, my right hand almost twitched! Much of what he said was, for want of a better word, relevant, and though I did not see his way at many points along his talk, one sentence caught my attention. Mr Sethi said, and I quote (though not verbatim) “Competition (among producers) will enhance the environmental performance of our industry”. Well, I fervently hope so. Because my training in micro-economics and energy economics suggests an entirely different...