• Madhu Bala Kaushik

Technology-induced resource- or energy-efficiency improvements tend to overstate prospective saving benefits because they often overlook the behavioral reactions elicited by technical advances. A 1% gain in efficiency frequently results in a 1% decrease in resource consumption, or even an increase in resource use. The rebound effect is well-known among energy economists, but has received little attention in ecological economics. Starting with a conventional neoclassical study of the rebound effect in a partial equilibrium framework that focuses on one specific energy service like mobility or room temperature. It also summarizes some of the major empirical research that support the rebound effect's existence but debate its significance. But we need to go beyond the neoclassical single-service model to address the many potential energy usage feedback loops. The article offers two significant extensions of the single-service model to demonstrate the rebound effect's potential ecological significance. First, it is demonstrated that generalizing about the rebound effect in a multi-services paradigm is problematic. In this instance, the overall impact of increased energy efficiency on total energy consumption is dependent on assumptions about service substitutability and the income effect. It also attempts to account for the reality that changes in resource or energy use are often ‘side-effects' of other technological advancements. Many time-saving technologies (for example, quicker means of transportation) involve an increase in energy consumption, which is often reinforced by a ‘time-rebound effect'. This impact is amplified when salaries are high and energy costs are low, as is presently the situation in most developed nations. As a result, the study strongly supports energy taxes.

Development, Energy Efficiency, Rebound Effect, Resource, Technology.

"Progress in Technology and Long-Term Development", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.271-275, February-2019, Available :http://www.jetir.org/papers/JETIRFJ06057.pdf

"Progress in Technology and Long-Term Development", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp271-275, February-2019, Available at : http://www.jetir.org/papers/JETIRFJ06057.pdf