The Rebound Effect in Industry 4.0: Circumstances and Consequences

Giani Gradinaru (), Gheorghe Zaman and Iulia Neagoe ()

A chapter in Eurasian Business and Economics Perspectives, 2021, pp 217-227 from Springer

Abstract: Abstract The chapter aims to present the consequences of using technology in inappropriate ways and to provide an overview of rational consumption. The motivation comes from understanding the phenomenon of rebound effect and from the desire to highlight the potential of technology when used carefully. Following the analysis of the literature, we present a concept that appeared in 1865, the one referring to the rebound effect, in a new economic-social context, the one generated by the appearance and development of industry 4.0. The chapter offers a paradigm shift in approaching the rebound effect, moving from the sphere of coal consumption to new types of fuels, much more efficient but which, precisely for this reason, can cause a much stronger rebound than the one recorded so far. Sustainable economic development facilitates the substitution of energy sources used in production processes. From the perspectives of diminishing the rebound effect as well as from the one of substituting the energy sources, in the last part of the chapter solutions are identified from the perspective of rebound effect versus global warming.

Keywords: Rebound effect; Industry 4.0; Improving efficiency (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-77438-7_13

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DOI: 10.1007/978-3-030-77438-7_13

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