Classmate: There are positive and negative for most things, when it comes to energy efficiency there are both positive and negative externalities. Energy efficiency has many positives including greater stability in energy supply. By having better and more stable supplies of energy this can lead to less brownouts, and service interruptions, which means the cost to repair the energy supply is now significantly lower. By having less outages, the government and its subsidiaries can spend less time and money on fixing these problems, and more time and money on other projects. Another positive externality of energy efficiency is the lower environmental impacts on air, land, water, climate, and biodiversity. The negative externalities of energy efficiency are the upfront cost to consumers and businesses. Adding solar panels to one's business or home is an expensive investment, that does end up paying off in the end.

Lemmons, R. (2023, February 11). Externalities as benefits and drawbacks of Energy Efficiency - energy efficiency. Climate Policy Watcher. Retrieved February 15, 2023, from https://www.climate-policy-watcher.org/energy-efficiency-2/externalities-as-benefits-and-drawbacks-of-energy-efficiency.html

Reflection

The supply and demand of energy efficiency products such as solar panels and electric vehicles is high. The supply is extremely limited, and the demand is high. Consumers are starting to want better, more efficient ways to save the planet and money. My family currently lives overseas, we will be moving back stateside here soon and are looking to buy, when searching for homes we look for energy efficient products to not only help us save money but also to protect our environment.

Respond with value-added comments to your classmates.