Energy Efficiency And The Rebound Effect

The rapid depletion of energy sources as a result of global population growth and increased energy consumption poses a serious threat to all economies. The heavy reliance of key industries on non-renewable energy sources is likely to lead to massive reductions in the supply of fossil fuels, as well as increased carbon dioxide emissions. Indeed, the continuing increase in carbon dioxide emissions is threatening to leave nearly 200 million people without water and decrease crop fields by 30% in Central and South Asia, resulting in global food and drinking water shortages¹. Therefore, global warming is a huge concern and the urgent need for alternative sources of energy has featured heavily on the global development agenda over recent years.