NDLI: Macro and Micro Economic Principles of the Kyoto Protocol Result

Content Provider	IEEE Xplore Digital Library
Author	Mech, A.Z. Rouse, S.
Copyright Year	2006
Abstract	This presentation applies basic economic theory to the energy sector. The paper explores the introduction of Climate Change policies such as the Kyoto Protocol to identify economic market opportunities for the energy efficiency economy. This will expose market trends providing decision makers with information they can use to benefit their organization. When viewed in classical economic terms Climate Change policy is creating new opportunities. Climate Change is shifting sustainable economic growth away from the fossil fuel sector towards a new economic sector. We have termed this the "Energy Efficiency Economy ". The Fossil Fuel Economy is mature, has declining global supply, increasing demand and increasing cost of exploration. These factors are creating an environment of higher and volatile price. Classic economics dictates and increase in price or price instability will limit consumption and lead consumers to seek alternatives. This is happening to a certain extent now. We can expect this trend to accelerate as new alternatives continue to enter the market place at an increasing rate. Returns from new emerging technologies tend to be above average in comparison with returns from mature sectors. In addition to lowering hard costs, the Energy Efficiency Economy also provides environmental and social responsibility benefits to soften the blow of a coming oil crisis. The Kyoto Protocol may appear to be a tough measure to implement. However, in pure economic sense, Kyoto can soften a catastrophic blow to world economies from an oil crisis. Those who understand this Protocol and how it will affect markets will be able to position themselves to make rational decisions in the best interests of their stakeholders. Governments, Corporations and individuals can learn from Kyoto and use these basic economic principles to position themselves and take advantage of the booming 'Energy Efficient Economy" to make money!
Starting Page	1
Ending Page	2
File Size	105560
Page Count	2
File Format	PDF
ISBN	1424402182
DOI	10.1109/EICCCC.2006.277241
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2006-05-10
Publisher Place	Canada
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Protocols Costs Kyoto Power generation economics Fossil fuels Market opportunities Environmental economics Energy Efficiency Petroleum Money Economy Fuel economy Energy efficiency Acceleration
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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