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In energy conservation and energy economics, the rebound effect (or take-back effect) is the reduction in expected gains from new technologies that increase the efficiency of resource use, because of behavioral or other systemic responses. These responses diminish the beneficial effects of the new technology or other measures taken.
The effect of higher energy prices, either through taxes or producer-induced shortages, initially reduces demand but in the longer term encourages greater energy efficiency. This efficiency response amounts to a partial accommodation of the price rise and thus the reduction in demand is blunted.
That is, the rebound effect is usually less than 100%. However, at the macroeconomic level, more efficient (and hence comparatively cheaper) energy leads to faster economic growth, which increases energy use throughout the economy.
Limited behaviour barriers may include people choosing easier, yet less effective, pro-environmental behavioural changes (e.g. recycling, metal straws), and the rebound effect, which occurs when a positive environmental behaviour is followed by one that negates it (e.g. saving money with an electric car to then buy a plane ticket). [3]
The economy added 256,000 jobs in December, well above the average economist estimate of 155,000. The unemployment rate unexpectedly declined to 4.1% from 4.2% in November.
For example, a doubling of technological efficiency, or equivalently a reduction of the T-factor by 50%, does not necessarily reduce the environmental impact (I) by 50% if efficiency induced price reductions stimulate additional consumption of the resource that was supposed to be conserved, a phenomenon called the rebound effect or Jevons paradox.
Two decades before, Kim had joined protests in Washington, D.C., calling for the World Bank to be shut down altogether for valuing indicators like economic growth over assistance to poor people. Human rights advocates and bank staffers working on safeguards hoped that Kim’s appointment would signal a shift toward greater protections for ...
Tourism officials are looking for signs of what short- and long-term toll the wildfires that struck the Los Angeles area may take on its prowess as a tourism destination.