Document Type

Paper

Abstract

Today, many institutions and individuals see energy efficiency as an important issue; reducing energy consumption is thought to decrease demand for fossil fuels and consumes energy more sustainably. However, while more efficient devices can save users both energy and money, they do not always result in less energy use as a society. This discrepancy between expected and actual energy savings is called the rebound effect. This can be a result of several factors: increased use of the device drawing more energy, manufacturers using more energy to create the new device, or money saved by the users being respent in the economy. The combination of these three factors produces an economy-wide rebound where the market saves less energy than expected.

Publication Date

12-18-2019

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