Energy is a core component of modern society. It requires labor and capital, and is used for manufacturing, transportation, communication, agriculture, and more. However, there are externalities that prevent the development of abundant, affordable and safe energy. Energy policy is a method used by governments to address issues of energy development including energy production, distribution and consumption. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques.
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