Knowledge Tree
economic sustainability
Facts (15)
Sources
Sustainable Energy Transition for Renewable and Low Carbon Grid ... frontiersin.org Mar 23, 2022 10 facts
claimThe five dimensions of energy sustainability used to design and analyze energy sustainability measures are environmental, economic, social, technical, and institutional/political sustainability.
claimJaramillo-Nieves and Del Río (2010) state that renewable energy sources contribute to economic, social, and environmental sustainability by improving energy access, reducing greenhouse gas emissions, and creating local socioeconomic development opportunities like job creation.
claimEconomic sustainability in energy systems seeks to maintain operational stability regarding liquidity and cash flow while ensuring fair income and benefits for investors and stakeholders, as stated by Dyllick and Hockerts (2002).
claimElectricity generation systems can be assessed using a five-dimensional approach consisting of environmental, economic, social, technical, and institutional sustainability.
claimSustainability in energy development seeks to achieve technical, political or institutional, social, environmental, and economic sustainability, which is realized through the development and use of renewable energy resources.
claimFor economic sustainability to thrive, organizational policies and operations should not retard economic progress, development, or the affluence of society, according to Hasna (2007).
referenceEconomic Sustainability in energy systems measures the cost competitiveness of energy options and ensures the viability of individuals, organizations, and energy services, using indicators such as operational stability, liquidity, net present value, cash flow, profitability, energy cost, cost of generation, unit cost of power, investment payback period, cost of capital, access to capital, and affordability of power.
claimEconomic sustainability in energy systems is realized if the systems remain intact while activities and processes are equitably accessible to all to secure their livelihoods in a fair manner, according to the University of Alberta (2021).
imageFigure 8 illustrates the five main dimensions of energy sustainability: environmental, social, political, economic, and technical sustainability.
claimEconomic sustainability in energy and electricity production is defined as the ability to meet demand in a cost-effective manner and the ability to access financing for energy resource development, according to Kabeyi (2020a).
Does the combination of sustainable business model patterns lead ... link.springer.com Feb 20, 2023 3 facts
claimTechnological advancements can improve environmental sustainability through better recycling techniques and economic sustainability by lowering production and service offering costs, though social sustainability may be less affected by technological development.
claimThe assumption that enhancing one sustainability dimension leads to higher overall sustainability is only true if the three dimensions of the Triple Bottom Line (TBL) are orthogonal; however, it is more realistic to assume these dimensions are interconnected, meaning environmental and social sustainability may incur economic costs, while economic optimization may jeopardize other dimensions.
claimPractices that improve environmental sustainability, such as 'create value from waste', can increase costs in subsequent production phases, thereby challenging economic sustainability.
Business Model Innovation: a Framework for Assessing Corporate ... link.springer.com Apr 18, 2025 1 fact
claimSustainable innovation allows organizations to develop products or services using a client-focused approach while integrating economic, social, and environmental sustainability.
Sustainability through business model innovation and climate ... nature.com Jan 20, 2025 1 fact
claimPoverty alleviation strategies that prioritize short-term economic gains over long-term environmental sustainability may inadvertently perpetuate unsustainable practices and hinder progress toward sustainability.