If wasteful spending and fossil fuels become more expensive, less people can afford them, thus being more careful with their spending. Alternatives like electric vehicles and nuclear power become more desirable, and efficiency overall increases.
If wasteful spending and fossil fuels become more expensive, less people can afford them, thus being more careful with their spending. Alternatives like electric vehicles and nuclear power become more desirable, and efficiency overall increases.
Alternatively, it makes domestic oil reserves that are expensive to extract or refine more attractive.