Analysis OF Energy Efficiency Practices of SMEs in Ghana: An application of Product Generational Dematerialisation
MPRA Paper from University Library of Munich, Germany
Reducing the amount of energy used in producing a given output is a cost-effective way of tackling global warming. In addition, energy efficiency promotes energy security and saves cost. This study is structured in three parts. First, the energy efficiency practices of small and medium scale enterprises in rural Ghana are investigated. Second, the study applies the Product Generational Dematerialisation method to examine the energy efficiency consumption of electricity and fossil fuels in Ghana. Finally, the general unrestricted model (GUM) is applied to energy consumption in Ghana. The results reveal that reduction in energy consumption among SMEs can be attributed mostly to blackouts and not efficiency as indicated by 72% of the respondents. Further, all three models confirmed that the consumption of energy has not been efficient. Further, productivity was found to be a major driver of energy efficiency. The study recommends public education and the use of new appliances (‘not second hand’) to save energy.
Keywords: Energy Efficiency; Energy Consumption; Ghana; Product Generational Dematerialization; SMEs (search for similar items in EconPapers)
JEL-codes: Q2 Q21 Q28 Q4 Q41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-eff and nep-ene
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