Energy Usage and Carbon Dioxide Emission Are the Largest Problem in the Global Community
Energy is an important element in our global world. It plays a necessary role in our daily life.
PJ growth %
2011-12 2010/11- 2011/12
Agriculture 95.8 1.5
Mining 536.2 1.7
Manufacturing and construction 995.2 -3.9 …show more content…
Household decision making on energy use
The factors which will affect households’ decisions regard to the energy efficiency gap tend to inclusive of imperfect information and principle-agent problems. For imperfect information, household cares about the energy performance regard of different technologies. The energy efficiency is one of the major comprises consideration when households choose to consume between the products, where different product provides different voltage usage. Thereby, the insufficient or costly inaccurate information regard of the different technologies energy performance can be due to the cost of getting information and the public good attributes of information and different social network. More deeply, the companies who sales the energy efficient appliances will only provide the advantages information of the particular model to the consumers but will not provide information on energy-efficient regarding. As result, consumer will tend to have insufficient or inaccurate information of the quality of the machine energy efficiency usage.
For the principle-agent problems, it is use to explain market failures that the problem