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The generation of electricity modifies the physical environment of the globe more than any other industrial activity. Indeed, the industry may already create more long-term economic costs than benefits in terms of associated environmental repercussions. This negative economic equation could become even worse unless long-term and programmed investments into energy supply and conservation strategies are made with proper care for all indentifiable environmental effects. The present publiclyowned electricity industry in the UK has an environmental track record that is patchy but generally unsatisfactory, despite some improvements in recent years. The key issue facing the privatized industry is how comprehensive and...
This paper describes an approach to determine the relative accountability that each region and individual nation should bear in reducing atmospheric greenhouse gas. The paper argues that accountability should be based on equity and that all measures of equity for which there are backers should be used in the decision making procedure. Each equity indicator defines a different accountability profile, leading to conflicting prescriptions. Multicriterion decision making methods are seen as having high potential to help design fair compromise profiles, and a methodology is proposed and numerous methods indicated for this purpose. The methodology is illustrated by defining ! 1 different equity indicators and then formulating...