Industry Discussion Papers
Date: |
March 2007 |
Title: |
Discussion 7: Performance Indicators for Adaptiveness |
Type: |
Industry Discussion Papers |
Author(s): |
Cliff Hooker |
Summary: |
In a dynamic and uncertain world, adaptiveness is a minimum necessary condition for continued survival. Agile creatures that can intelligently learn (such as humans) to exploit new ecological niches or evolve (such as bacteria) to meet new climate and interspecies interactions will survive in the natural environment. Agile firms that can move quickly into new markets or innovate new production processes will survive in a competitive industry. Future technological and policy developments in the energy sector are both highly uncertain and potentially subject to rapid change. This requires a broad suite of economic and social adaptation options so that, across the broadest possible range of likely future developments, the sector is able to supply the energy requirements of Australian society both securely and cost-effectively. This discussion paper addresses the question of developing indicators for adaptiveness.
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Ref#808
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