Economics of Energy Conservation: A Case Study
Gunatilake, Herath; Padmakanthi, Dhammika | October 2008
Abstract
Global energy security relies heavily on exhaustible fossil fuels, whose
use contributes significantly to global environmental problems. The recent
unprecedented rise in oil prices and the threat of global warming highlight the
urgent need for solutions to the energy and environment problem. Shifting to
clean renewable energy sources—the long-term solution—has been slow despite
efforts of the global community since the 1970s. Demand side management
(DSM) is part of the solution to the energy crisis. Among DSM measures, energy
conservation has greater potential in developing countries. This paper examines
the financial and economic feasibility of adoption of an energy-conserving
technology in the household sector in Sri Lanka. Results show that the adoption
of this energy-conserving technology is financially profitable and economically
viable. Systematic incorporation of environmental benefits further strengthens the
case for energy conservation. The paper also discusses policy measures to solve
low voluntary adoption, affordability issues, and information failures related to
energy conservation.
Citation
Gunatilake, Herath; Padmakanthi, Dhammika. 2008. Economics of Energy Conservation: A Case Study. © Asian Development Bank. http://hdl.handle.net/11540/1782. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Renewable Energy
Evaluation
Alternative energy
Energy Technology
Project Evaluation & Review Technique
Operations Evaluation
Program Evaluation
Evaluation Techniques
Evaluation Criteria
Energy
Energy planning
Alternative energy technology
Project impact
Program management
Project appraisal
Cost benefit analysis
Renewable energy source
Energy development
Renewable energy resource
Energy conservation
Energy policy
Participatory monitoring and evaluation
Participative management
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http://hdl.handle.net/11540/1782Metadata
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