Cost-Benefit Analysis Applied to Energy

Cost–benefit analysis (CBA), also known as benefit–cost analysis, is rooted in applied welfare economics. It is a way of organizing and analyzing data as an aid to thinking. It provides a set of procedures for comparing benefits and costs and is traditionally associated with government intervention and with the evaluation of government action and government projects. The underlying rationale for CBA is rational choice; that is, a rational agent will weigh the costs and benefits of any proposed activity and will only undertake the activity if the benefits exceed the costs. (more…)

Social and Environmental Implications of the Direct Energy Use Patterns of Households

environmental implications energy households
Lack of access to cleaner energy and the negative outwardnesses associated with energy consumption tend to cycle of poverty for poor households in developing countries. Because the poor lack access to, and often can not to afford cleaner and higher quality fuels and electricity and are therefore dependent on poor and inefficient burning biofuels such as wood and dung. (more…)