Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Energy prices, uncertainty and energy saving by companies

21.03.2006


Why do so many companies fail to make use of the energy-saving technologies which are available? Dutch researcher Mark Koetse used a meta-analysis of various empirical studies to assess the relevance of two possible explanations.



Meta-analysis is a research method that has been gradually gaining ground within economics since the mid-1980s. The doctoral research of Mark Koetse focused on the problems associated with this methodology. That is why in his thesis he described the negative effects of several frequently-occurring problems using simulation techniques and investigated the extent to which these effects could be mitigated using standard models in meta-analysis.

Koetse analysed the outcomes of empirical studies on the investment behaviour of entrepreneurs to find out whether uncertainty exerts a positive or negative influence on investments within companies. Very few of these studies revealed a positive and statistically significant relationship. A further quantitative analysis demonstrated that the variation in empirical outcomes can largely be explained by differences between the underlying studies. Furthermore, the meta-analysis suggests, albeit indirectly, that the uncertainty about, for example, energy prices possibly has an inhibitory effect on investments in energy-saving technologies.


A second application of meta-analysis concerned the question as to what extent changes in energy prices influence capital investments. In the meta-analysis Koetse investigated which factors contribute to explaining the variation in the outcomes of empirical studies on the subject. The results revealed that the so-called substitution potential between capital and energy was relatively low in the short term, but increased considerably in the longer term. This implies that persistently high energy prices stimulate the adoption of energy-saving technologies and lead to a shift towards more energy-extensive production processes.

Dr Mark Koetse | alfa
Further information:
http://www.nwo.nl/nwohome.nsf/pages/NWOA_6MNFZB_Eng

More articles from Power and Electrical Engineering:

nachricht Waste from paper and pulp industry supplies raw material for development of new redox flow batteries
12.10.2017 | Johannes Gutenberg-Universität Mainz

nachricht Low-cost battery from waste graphite
11.10.2017 | Empa - Eidgenössische Materialprüfungs- und Forschungsanstalt

All articles from Power and Electrical Engineering >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Neutron star merger directly observed for the first time

University of Maryland researchers contribute to historic detection of gravitational waves and light created by event

On August 17, 2017, at 12:41:04 UTC, scientists made the first direct observation of a merger between two neutron stars--the dense, collapsed cores that remain...

Im Focus: Breaking: the first light from two neutron stars merging

Seven new papers describe the first-ever detection of light from a gravitational wave source. The event, caused by two neutron stars colliding and merging together, was dubbed GW170817 because it sent ripples through space-time that reached Earth on 2017 August 17. Around the world, hundreds of excited astronomers mobilized quickly and were able to observe the event using numerous telescopes, providing a wealth of new data.

Previous detections of gravitational waves have all involved the merger of two black holes, a feat that won the 2017 Nobel Prize in Physics earlier this month....

Im Focus: Smart sensors for efficient processes

Material defects in end products can quickly result in failures in many areas of industry, and have a massive impact on the safe use of their products. This is why, in the field of quality assurance, intelligent, nondestructive sensor systems play a key role. They allow testing components and parts in a rapid and cost-efficient manner without destroying the actual product or changing its surface. Experts from the Fraunhofer IZFP in Saarbrücken will be presenting two exhibits at the Blechexpo in Stuttgart from 7–10 November 2017 that allow fast, reliable, and automated characterization of materials and detection of defects (Hall 5, Booth 5306).

When quality testing uses time-consuming destructive test methods, it can result in enormous costs due to damaging or destroying the products. And given that...

Im Focus: Cold molecules on collision course

Using a new cooling technique MPQ scientists succeed at observing collisions in a dense beam of cold and slow dipolar molecules.

How do chemical reactions proceed at extremely low temperatures? The answer requires the investigation of molecular samples that are cold, dense, and slow at...

Im Focus: Shrinking the proton again!

Scientists from the Max Planck Institute of Quantum Optics, using high precision laser spectroscopy of atomic hydrogen, confirm the surprisingly small value of the proton radius determined from muonic hydrogen.

It was one of the breakthroughs of the year 2010: Laser spectroscopy of muonic hydrogen resulted in a value for the proton charge radius that was significantly...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ASEAN Member States discuss the future role of renewable energy

17.10.2017 | Event News

World Health Summit 2017: International experts set the course for the future of Global Health

10.10.2017 | Event News

Climate Engineering Conference 2017 Opens in Berlin

10.10.2017 | Event News

 
Latest News

Terahertz spectroscopy goes nano

20.10.2017 | Information Technology

Strange but true: Turning a material upside down can sometimes make it softer

20.10.2017 | Materials Sciences

NRL clarifies valley polarization for electronic and optoelectronic technologies

20.10.2017 | Interdisciplinary Research

VideoLinks
B2B-VideoLinks
More VideoLinks >>>