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The central short-term measures of NAPE include the introduction of competitive tendering for energy efficiency, the raising of funding for building renovation, the introduction of tax incentives for efficiency measures in the building sector, and the setting up energy efficiency networks together with business and industry.
Perceived risk of energy-efficiency investments. Consumers and businesses can be very risk-averse in terms of investing in energy efficiency technologies. The uncertainties of fuel prices and high discount rate for operating costs have both made energy-efficiency investments even more "risky” for many decision makers. Information gaps.
There are also other definitions and measures. All characterizations of economic efficiency are encompassed by the more general engineering concept that a system is efficient or optimal when it maximizes desired outputs (such as utility) given available inputs.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. [1] Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. [2]
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
Energy sector regulators can have wide discretion in the implementation and/or monitoring energy efficiency (EE) initiatives. The most likely roles involve giving technical advice to the agency developing EE initiatives, since changes in demand patterns will have implications for the operations and investment plans of utilities.
Energy efficiency may refer to: Energy efficiency (physics), the ratio between the useful output and input of an energy conversion process Electrical efficiency, useful power output per electrical power consumed; Mechanical efficiency, a ratio of the measured performance to the performance of an ideal machine