Answer to Question #322673 in Microeconomics for rudhr

Question

how india can achieve energy efficient future Practical application and relating concepts with real world

Answer 1

Energy efficiency is the usage of minimum energy to generate an energy service. For instance, energy-efficient LED light bulbs use 75 to 80 % less electricity to emit the same amount of light as incandescent light bulbs. To achieve an energy-efficient future, India has to apply commonly accepted methods or adopt a more efficient production or technology process to mitigate energy losses. Various ways to achieve energy efficiency include reducing water heating expenses, installing energy-sufficient windows, using sufficient energy appliances and smart power strips, etc. Improving energy sufficiency helps stabilize electricity prices and volatility, decrease water use, and reduce greenhouse gas emissions.