So far, the most successful approach for bringing about energy conservationis to add monetary penalties to monthly bills for excessive consumption. T or F?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
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So far, the most successful approach for bringing about energy conservation
is to add monetary penalties to monthly bills for excessive consumption. T or F?

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Step 1

Energy conservation: Energy preservation is the exertion made to diminish energy utilization by utilizing less energy administration. This can be accomplished either by utilizing energy all the more effectively (utilizing less energy for consistent help) or decreasing the measure of administration utilized (for instance, by driving less). Energy preservation is a piece of the idea of Eco-adequacy. Energy preservation measures (ECMs) in structures decrease energy benefits and bring about expanded ecological quality, public safety, individual monetary security, and higher reserve funds. It is at the highest point of practical energy progression.

Step 2

The statement is true because when the government will charge more from the industries or penalties for not saving energy for the production of goods and services. The more the charge will be there, the more the companies will try to save energy or use energy-saving techniques to save for the future.

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