Contribution of efficient energy use on economy, environment, and sustainability

ABSTRACT

The world is linked through energy–economy–environment–sustainability interactions. Efficient energy use in industrial countries will be meaningful for their economy and environment in the future. The efficiency of energy use differs from one country to another depending on varied consumption models. There has been significant progress in the world in understanding how energy is used and how it can be saved. However, there is much more work to be done in the world on efficient energy use and environmental quality improvements, and the investment funds required to accomplish this work are also in short supply. This study presents universal approach about the effect of future energy demand to economy, environment, and sustainability based on greater energy efficiency. Energy-efficient technology is an important tool for this goal. This paper aims to provide raised understanding on how tools for raised energy efficiency can contribute to decreased environmental effect and to increased economic value.

KEYWORDS:

• Economy
• efficiency
• energy
• environment
• sustainability

Funding

The authors greatly acknowledge the financial support of this work by the Karadeniz Technical University Research Fund under Grant No. FHD-2015-108.

Additional information

Funding

The authors greatly acknowledge the financial support of this work by the Karadeniz Technical University Research Fund under Grant No. FHD-2015-108.