Liao, Mei; Ma, Chao; Yao, Dongpu; Liu, Huizheng - In: Asia Europe Journal 11 (2013) 3, pp. 265-283
This article uses the concept of embodied exergy as metrics in designing incentive policy instruments to tackle the inefficiency of energy operations. Based on the second law of thermodynamics and energy’s economic properties as both a private commodity and a public good, it maintains that...