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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.
In economics, the Jevons paradox (/ ˈ dʒ ɛ v ə n z /; sometimes Jevons effect) occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced.
The Rebound Effect (1860s to 1930s) Timeline of instrumental theories of energy economics While energy efficiency is improved with new technology, expected energy savings are less-than proportional to the efficiency gains due to behavioural responses . [ 2 ]
These cycles can be seen as a rebound effect, also known in environmental economics as Jevon's paradox: as more water is available, water consumption tends to increase. This can result in a vicious cycle: a new water shortage can be addressed by further expansion of reservoir storage to increase water availability , which enables more water ...
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.
The catalysts are clear: a strong economy, expectations of deregulation under President-elect Donald Trump, ... Israeli cabinet approves Gaza ceasefire accord, due to take effect Sunday.
U.S. employers added 227,000 jobs in November as the effects from hurricanes and strikes the previous month reversed. ... mean job gains, excluding the one-time rebound effects, totaled a sturdy ...
William Stanley Jevons FRS (/ ˈ dʒ ɛ v ən z /; [2] 1 September 1835 – 13 August 1882) was an English economist and logician.. Irving Fisher described Jevons's book A General Mathematical Theory of Political Economy (1862) as the start of the mathematical method in economics. [3]