ECONOMICS OF ENERGY EFFICIENCY IN DEVELOPING COUNTRIES

Abstract

Developing countries’ energy has had an exceedingly high demand for growth. Improving energy efficiency will be a great antidote to inflation in the economy, especially in low to medium-income countries, the energy efficiency can cause strain between the objectives of a country in terms of increasing its gross domestic product and the sustainable development agendas of different nations. The research will review shreds of evidence through tables and charts of both the private and the social advantages of improving the energy efficiency of low to medium-income countries. Furthermore, there will be a highlight on the work done by energy subsidies, maintaining unreliable power supply and the capital limits may play in the low investment in energy efficiency.