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Third Industrial Revolution Consulting Group<br />

3 Regulatory<br />

3.1 Include the monetized costs of the current unpriced externalities caused by the use of<br />

fossil fuels as an integral part of the review and revision of regulatory rules: Implement<br />

policies and procedures in the utility planning and investment decision-making process to<br />

successfully promote the transition to 100% renewable power to meet Luxembourg’s<br />

energy needs. There is a substantial peer-reviewed literature that has estimated the range<br />

of unpriced social, health, and environmental costs resulting from the use of fossil fuels.<br />

There is also a wealth of assessments that have calculated the “value of solar tariffs” that<br />

encompass the societal benefits of shifting to renewables that are not currently<br />

incorporated in utility planning methodologies (which limit their analyses to just the direct<br />

costs to the utility company). The social and environmental benefits of solar, wind, and<br />

end-use efficiency improvements have been shown to significantly exceed the utility’s<br />

direct benefits. Large lost opportunities continue to be incurred as a result of being ignored<br />

in making investment decisions. Including some of the monetized costs of unpriced<br />

externalities caused by fossil fuels should be used as a guiding factor in providing financial<br />

assistance to Luxembourg farmers to install wind and solar harvesting technologies across<br />

their fields.<br />

3.2 Regulatory agencies should ensure that no regulatory barriers exist to preclude siting<br />

solar and wind technologies on farmland. The opportunities for farmers to use their land<br />

assets to secure a diversification of revenues by allowing the siting of solar and wind plants<br />

results in multiple social benefits. It builds financial resilience in Luxembourg’s farming<br />

community by creating a sustainable revenue stream that can be applied to assisting farms<br />

in the transition to petrochemical-free organic farming.<br />

3.3 Request funding sources from the EU to undertake remediation of soil contamination<br />

that currently prevents urban food production on these landscapes. Decades and<br />

centuries of industrial activity have left many community landscapes with the build-up of<br />

contaminated soils unsafe for community food production. The government agencies<br />

should request EU support to determine the best practices and procedures for remediating<br />

these soils to a point where they are safe to garden again. For example, mycology<br />

remediation has been demonstrated to achieve outstanding success in fully remediating<br />

even the most highly contaminated soils. 167,168,169 In cases where such remediation may<br />

167 Stamets, Paul (2005). Mycelium Running: How Mushrooms Can Help Save the World,<br />

http://www.fungi.com/shop/mushroom-books.html.<br />

195

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