EE Products and Services are Often Incorporated into Renewable Energy Projects and Schemes, States SBI15 Jan 2013 • by Natalie Aster
EE consumer electronics are designed to operate on less energy than their electric-hungry predecessors and may also carry energy efficiency labels, such as Energy Star®. EE consumer electronics include a wide variety of products, such as television sets, cordless phones, battery chargers, DVD players, external power adapters, printers and computers.
According to the report “Energy Efficiency Global Products and Services Markets” by SBI, EE products and services are often incorporated into renewable energy projects and schemes. For example, installing solar panels may lead one to sell electricity back to the smart grid, via a smart meter; or, power management software may be used to control a hydropower facility. Conversely, EE and renewable energy sometimes find themselves pitted against each other, vying for project allocation or funding. The choice may come down to either refurbishing what is already in place (i.e. adding EE lighting or retrofitting a building with more energy efficient products) or starting from scratch and installing some kind of renewable energy plan. Both will provide energy savings in the long run, but many other factors must also be taken into account, such as public opinion, available funding or financing, rebates and tax write offs.
Energy Efficiency Global Products and Services Markets
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The economic standing of a country, region or even city or town can have a huge impact on the size and direction of growth in the EE products and services market. If an area is struggling to keep afloat it is less likely it will be looking to invest in EE products and services, which are usually not considered necessary and often have high up-front costs and a slow investment-return period. Consequently, although the poorest communities are often the ones that could use EE products and services the most, they are often the least likely to invest in them. Communities with emerging economies and growing populations may be seeking out EE alternatives as their demand for energy increases and as their spending options become more varied.
More information can be found in the report “Energy Efficiency Global Products and Services Markets” by SBI.
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