Energy conservation
Overview
Efficient energy use
Efficient energy use, sometimes simply called energy efficiency, is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature...
, in conjunction with decreased energy consumption
World energy resources and consumption
]World energy consumption in 2010: over 5% growthEnergy markets have combined crisis recovery and strong industry dynamism. Energy consumption in the G20 soared by more than 5% in 2010, after the slight decrease of 2009. This strong increase is the result of two converging trends...
and/or reduced consumption from conventional energy sources. An energy conservation act was passed on 2001.
Energy conservation can result in increased financial capital
Financial capital
Financial capital can refer to money used by entrepreneurs and businesses to buy what they need to make their products or provide their services or to that sector of the economy based on its operation, i.e. retail, corporate, investment banking, etc....
, environmental
Natural environment
The natural environment encompasses all living and non-living things occurring naturally on Earth or some region thereof. It is an environment that encompasses the interaction of all living species....
quality, national security
National security
National security is the requirement to maintain the survival of the state through the use of economic, diplomacy, power projection and political power. The concept developed mostly in the United States of America after World War II...
, personal security, and human comfort
Thermal comfort
Thermal comfort is a term used by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, an international body. It is defined as the state of mind in humans that expresses satisfaction with the surrounding environment...
. Individuals and organizations that are direct consumers
Consumer
Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...
of energy choose to conserve energy to reduce energy costs and promote economic security
Economic security
Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future...
.
