Subscription or Fee Access
Economics of Energy Conservation: Financial and Economic Feasibility of Adoption of Energy Saving Technology in Household Sector in Sri Lanka
Global energy security still heavily relies on exhaustible fossil fuels, use of which also contributes significantly to global environmental problems. Recent unprecedented rise in oil prices and threatening global worming reminds the urgent need to find solutions to energy and environmental crises. Shifting to clean renewable energy sources - the long term solution –- have been slow despite the efforts of global community since 1970s. Demand side management (DSM) will play an important role until technology provides affordable solutions to the energy crisis. Amongst DSM measures, energy conservation seems to have greater potential in developing countries to cut down energy use and protect the environment. This paper examines the financial and economic feasibility of adoption of energy conserving technology in the household sector in Sri Lanka. Paper shows that adoption of energy conserving technology is financially profitable and economically feasible. It also discusses policy measure to solve affordability issues and information failures in adopting energy conserving technology.
Energy conservation, Demand side management, Cost Benefit Analysis, Sri Lanka
Disclaimer/Regarding indexing issue:
We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.