scholarly journals Energy efficiency and electricity expenditure: An analysis of risk and time preferences on light bulb use in Ghana

2021 ◽  
pp. 200061
Author(s):  
Dr. Kwame Adjei-Mantey ◽  
Frank Adusah-Poku
Keyword(s):  
Energy Efficiency ◽  
Time Preferences ◽  
Light Bulb

scholarly journals Individual Time Preferences and Energy Efficiency

2015 ◽  
Vol 105 (5) ◽  
pp. 196-200 ◽  
Author(s):  
Richard G. Newell ◽  
Juha Siikamäki
Keyword(s):  
Energy Efficiency ◽  
Policy Evaluation ◽  
Cash Flows ◽  
Time Preferences ◽  
Discount Rates ◽  
Product Choices ◽  
Key Driver ◽  
Flows Over Time ◽  
Efficiency Gap

We examine the role of individual discount rates in energy efficiency decisions using evidence from an extensive survey of US homeowners to elicit preferences for energy efficiency and cash flows over time. We find considerable heterogeneity in individual discount rates. We also find that individual time preferences systematically influence willingness to invest in energy efficiency, as measured through product choices, required payback periods, and energy efficiency tax credit claims. Education is a key driver of individual discount rates. Our findings highlight the importance of individual discount rates to understanding energy efficiency investments, the energy-efficiency gap, and policy evaluation.

scholarly journals One Discount Rate Fits All? The Regressive Effects of DOE’s Energy Efficiency Rule

2015 ◽  
Vol 22 ◽  
pp. 40 ◽  
Author(s):  
Sofie E. Miller
Keyword(s):  
Energy Efficiency ◽  
Discount Rate ◽  
Time Preferences ◽  
Transfer Payment ◽  
Median Income ◽  
Discount Rates ◽  
Average Consumer ◽  
Net Benefits ◽  
Energy Efficiency Standards ◽  
Regressive Effects

This paper examines the Department of Energy’s (DOE) reliance on low discount rates to estimate the benefits of its energy efficiency standards and uses existing literature on implicit consumer discount rates to calculate a range of benefits for DOE’s furnace fan rule. While DOE calculates large net benefits from its energy efficiency rule, using discount rates that better represent average consumer time preferences shows that this standard results in net costs. Furthermore, given the variation in consumer discount rates by income, this standard is effectively a transfer payment from low- and median-income households to high-income households.

scholarly journals Sustainable Strategy to Sustainable Business: An Empirical Analysis on Energy-Efficient Light Bulb

2021 ◽  
Vol 13 (24) ◽  
pp. 13791
Author(s):  
Muslima Zahan
Keyword(s):  
Energy Efficiency ◽  
Competitive Advantage ◽  
Energy Efficient ◽  
Sustainable Consumption ◽  
Point Of View ◽  
Sample Survey ◽  
Market Demand ◽  
Light Bulb ◽  
Sustainable Business ◽  
Sustainable Products

Energy Efficiency is one of the key elements of the Environment-Economic aspect of the three spheres of sustainability. To make any business sustainable in the light bulb industry, it could be applied as a strategy to gain competitive advantage in the functional level. This paper investigates the market awareness of environmentally friendly products such as the energy efficient light bulb (or energy bulb) and its market availability, demand, quality and brightness, low waste (e-waste), sustainable consumption (durability), warranty, commission rate, and profitability. It also finds that energy efficiency and low waste are valuable strategies to create market demand for energy bulbs to make sustainable profit and product stewardship eventually to contribute to the e-waste management. A 500 sample survey is conducted in Bangladesh to analyze the energy bulb buyers’ and sellers’ view about this product locally. After the results and interpretation through descriptive statistics and regression of the variables, this study finally draws a pathway model to show that sustainable energy definitely leads to sustainable business. From the buyers’ point of view, sustainable consumption and low waste as well as from the sellers’ point of view profit and sustainable product both support sustainable business backed by sustainable strategy, energy efficiency being the key. To make the competitive advantage enduring, ensure profitability and profit growth for the shareholders of the corporate world, especially the electrical and electronics industry; with the energy bulb in particular, an energy efficiency strategy could be implemented in businesses worldwide. As the COP26 (The 2021 United Nations Conference on Climate Change) limits the global warming rise by 1.5%, energy bulb has been the pioneer in promoting sustainable products to adopt the sustainable strategy to limit carbon emissions globally.

Query Theory and Time Preferences

2005 ◽  
Author(s):  
Kerry Milch ◽  
Hannah Chang ◽  
Elke Weber ◽  
Jeff Brodscholl ◽  
Dan Goldstein ◽  
...  
Keyword(s):  
Time Preferences

Drying and heating of scrap metal at steelmaking: industrial safety, economics, ecology

2020 ◽  
Vol 76 (12) ◽  
pp. 1353-1258
Author(s):  
V. A. Spirin ◽  
V. E. Nikol’skii ◽  
D. V. Vokhmintsev ◽  
A. A. Moiseev ◽  
P. G. Smirnov ◽  
...  
Keyword(s):  
Energy Efficiency ◽  
High Efficiency ◽  
Steel Production ◽  
Scrap Metal ◽  
Industrial Safety ◽  
Technical Solution ◽  
Metal Charge ◽  
Basic Task ◽  
Scrap Heating ◽  
Winter Time

At steel production based on scrap metal utilization, the scrap heating before charging into a melting facility is an important way of energy efficiency increase and ecological parameters improving. In winter time scrap metal charging with ice inclusions into a metal melt can result in a considerable damage of equipment and even accidents. Therefore, scrap preliminary drying is necessary to provide industrial safety. It was shown, that in countries with warm and low-snow climate with no risk of scrap metal icing up during its transportation and storing in the open air, the basic task being solved at the scrap drying is an increase of energy efficiency of steelmaking. InRussiathe scrap metal drying first of all provides the safety of the process and next - energy saving. Existing technologies of scrap metal drying and heating considered, as well as advantages and drawbacks of technical solutions used at Russian steel plants. In winter time during scrap metal heating at conveyers (Consteel process) hot gases penetrate not effectively into its mass, the heat is not enough for evaporation of wetness in the metal charge. At scrap heating by the furnace gases, a problem of dioxines emissions elimination arises. Application of shaft heaters results in high efficiency of scrap heating. However, under conditions of Russian winter the upper scrap layers are not always heated higher 0 °С and after getting into a furnace bath the upper scrap layers cause periodical vapor explosions. The shaft heaters create optimal conditions for dioxines formation, which emit into atmosphere. It was shown, that accounting Russian economic and nature conditions, the metal charge drying and heating in modified charging buckets by the heat of burnt natural gas or other additional fuel is optimal. The proposed technical solution enables to burnt off organic impurities ecologically safely, to melt down ice, to evaporate the wetness in the scrap as well as to heat the charge as enough as the charging logistics enables it. The method was implemented at several Russian steel plants. Technical and economical indices of scrap metal drying in buckets under conditions of EAF-based shop, containing two furnaces ДСП-100, presented.

Perspectives and Regulation of the Russian Market for Project-based Transactions under the Kyoto Protocol

2008 ◽  
pp. 108-125
Author(s):  
K. Zavodov
Keyword(s):  
Energy Efficiency ◽  
Market Mechanism ◽  
Point Of View ◽  
Market Regulation ◽  
Foreign Investments ◽  
Russian Market ◽  
Increase Energy Efficiency ◽  
New Form ◽  
Contract Structure ◽  
Carbon Fund

Project-based transactions (PBTs) are a market mechanism of attracting foreign investments in order to abate greenhouse gas emissions and increase energy efficiency of the country’s enterprises. The article provides a classification and analyzes advantages and drawbacks of PBTs from the point of view of a host country. The main trends and factors determining the dynamics of the PBT market are described. Given that Russia currently lags behind the leaders of the PBT market, an incorporation of a state carbon fund is put forward with an aim of channelling PBTs through it. This paper proposes a form of PBT market regulation by incorporating an option mechanism into the contract structure of a transaction. A comparison of the new form of regulation with the tools that are currently in use in Russia and other countries demonstrates its greater economic efficiency under uncertainty.

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