ECONOMIC EVALUATION OF ENERGY SAVING MEASURES

Ir. A. NICOLAUS
The world situation related to energy supply and consumption do not longer show the hectic picture of instability and possible shortage. The first oil crisis fundamentally was a real shortage crisis exploited by international conflict situations. The second crisis has deliberately been provoked by more intense political disputes and has also been possible due to the rather slow response of the industrial countries on the effects of the first crisis.

Now the situation has changed in many ways:

  • The industrialised countries have proven that oil alone is not capable of dominating completely the world economic situations. Other energies will always energe or re-emerge as soon as economic introduction or re-introduction is possible.
  • The ultimate reflex shown by the industrialized countries through their RD /& D programmes confirm their will not to rely on oil only.
  • Strictly on the point of view of economics the realised high incomes from oil for a restricted number of oil exporting countries cannot be consumed by a very restricted number of inhabitants but need to return into the world economic circuit.
  • Finally the lesson learned out of the conflict constitute the necessary hardware for avoiding analogous situations.

Without doubt at the moment a search for finding an economic equilibrium situation between newly introduced oil finds and exploitations and the oils established producers is taking place. Investments recently made by industrialised countries will not be taken out of the running. So further expectations are comparative low oil prices permitting financial worthfull exploitation and further reasonable and ponderated consumption of oil.

At the moment stress is on environment, health and safety. Bio-environmental and bio-ecological systems now need full protection. The measures to realize these goals are no longer dictated by pure economic ways. For the next years accent will be on technologies and systems respecting our environment. In a common effort to realise that goal new policies and strategies are put on place. Also the prediction that the effect of new and renewable energies would result in an effect only comparable to the stick of a bee and thus will disappear in a minimum of time is no longer true. The stick is becomming a serious bubble and the bubble effect is spreading in all directions. If for instance countries are promoting specific energies and renewables this should be interpreted not as an economic goal but as a logical aspire to stop further deterioration of the human and ecological enviroment.

NICOLAUS, Ir. A. (1989). ECONOMIC EVALUATION OF ENERGY SAVING MEASURES. Acta Hortic. 245, 537-546
DOI: 10.17660/ActaHortic.1989.245.73
https://doi.org/10.17660/ActaHortic.1989.245.73

Acta Horticulturae