In the News
Government Failure - Wood Energy Schemes and Climate Change
An interesting BBC article here that suggests that some ostensibly environmentally-friendly advice has turned out to be exactly the opposite. In this instance, the suggestion that the use of wood pellets, or biomass, isn't as environmentally-friendly as used to be thought.
In fact, the latest Chatham House research suggests that such schemes could be environmentally unfriendly - a clear case of informational failure resulting in inefficient outcomes, not least because governments introduced subsidies for biomass, potentially increasing rather than reducing carbon emissions.