Jevons Paradox
(wikipedia.org)
In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) occurs when technological advancements make a resource more efficient to use, thereby reducing the amount needed for a single application. However, because the cost of using the resource drops, overall demand increases to the point where total resource consumption actually rises, rather than falls.[1][2][3][4] Governments, both historical and modern, typically expect that energy efficiency gains will lower energy consumption, rather than expecting the Jevons paradox.[5]
In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) occurs when technological advancements make a resource more efficient to use, thereby reducing the amount needed for a single application. However, because the cost of using the resource drops, overall demand increases to the point where total resource consumption actually rises, rather than falls.[1][2][3][4] Governments, both historical and modern, typically expect that energy efficiency gains will lower energy consumption, rather than expecting the Jevons paradox.[5]