The Thick Line Between Bla Bla Bla and Efficiency
Read the following this morning in The Strait Times:
“The Singapore economy became more energy efficient last year, squeezing more value from every dollar spent on electricity, even as it cost more.
In other words, it took less electricity to generate every dollar of the gross domestic product (GDP) last year – 13 percentage points less than in 1999.
It is significant that the country’s energy efficiency went up in a year of spiralling fuel prices. Fuel costs, which make up half the cost of generating electricity here, rose by 418 per cent since 1999…”
