Lee Hsien Loong proves his worth:
SINGAPORE, June 24 (Bernama) — Energy, whether in the form of electricity or petrol, should be priced properly and not subsidised, Singapore Prime Minister Lee Hsien Loong said today.
He said ideally, energy should be priced not just at todays market levels but also taking into account the likelihood of a future carbon-constrained world, be it due to scarcer supplies of fossil fuels or a post-Kyoto regime to restrain carbon emissions. [Energy Should Be Priced Properly, Not Subsidised – Singapore PM. Zakaria Abu Wahab. Bernama. June 24 2008.
I am sure the founder of the Pigou Club approves the Prime Minister’s membership, at least, as far as fuel prices are concerned.
