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Light Emitting Diodes Technology in Public Light System of the Municipality of Rome: An Economic and Financial Analysis

Author

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  • Domenico Campisi

    (Department of Industrial Engineering, University of Rome Tor Vergata, Via del Politecnico, 1, 00133 Rome, Italy)

  • Simone Gitto

    (Department of Industrial Engineering, University of Rome Tor Vergata, Via del Politecnico, 1, 00133 Rome, Italy)

  • Donato Morea

    (Department of Industrial Engineering, University of Rome Tor Vergata, Via del Politecnico, 1, 00133 Rome, Italy)

Abstract

This study evaluates an investment project concerning the redevelopment of the public lighting of the Municipality of Rome. In particular, we consider the replacing of the traditional lamps of the system with light emitting diodes lamps. We consider the factors that affect this kind of project: The cost of energy, the manteinance cost, the investment cost and the weighted average cost of capital. Our results underline the reduction of energy consumption and of the maintenance costs, lower emissions of CO2 into the atmosphere, the reduction of light pollution, the positive effects on road safety and the indipendence by incentives

Suggested Citation

  • Domenico Campisi & Simone Gitto & Donato Morea, 2017. "Light Emitting Diodes Technology in Public Light System of the Municipality of Rome: An Economic and Financial Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 200-208.
    • Handle: RePEc:eco:journ2:2017-01-21
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    References listed on IDEAS

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    1. Comodi, Gabriele & Cioccolanti, Luca & Polonara, Fabio & Brandoni, Caterina, 2012. "Local authorities in the context of energy and climate policy," Energy Policy, Elsevier, vol. 51(C), pages 737-748.
    2. Gallaway, Terrel & Olsen, Reed N. & Mitchell, David M., 2010. "The economics of global light pollution," Ecological Economics, Elsevier, vol. 69(3), pages 658-665, January.
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    Cited by:

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    2. Donato Morea & Mohamad El Mehtedi & Pasquale Buonadonna, 2023. "Energy Context: Analysis of Selected Studies and Future Research Developments," Energies, MDPI, vol. 16(3), pages 1-6, February.
    3. Donato Morea & Marino Balzarini, 2019. "Bankability of a public private partnership in agricultural sector: A project in Sub Saharan Africa," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(5), pages 212-222.
    4. Theodor Terrich & Marek Balsky, 2022. "The Effect of Spill Light on Street Lighting Energy Efficiency and Light Pollution," Sustainability, MDPI, vol. 14(9), pages 1-10, April.
    5. Karolina M. Zielinska-Dabkowska & Kyra Xavia, 2019. "Global Approaches to Reduce Light Pollution from Media Architecture and Non-Static, Self-Luminous LED Displays for Mixed-Use Urban Developments," Sustainability, MDPI, vol. 11(12), pages 1-33, June.
    6. Faris Alshubiri & Mawih Kareem Ani, 2023. "Financing and returns of Shari’ah-compliant contracts and sustainable investing in the Islamic banking of Oman," Economic Change and Restructuring, Springer, vol. 56(4), pages 2455-2491, August.
    7. Hsing-Yuan Liao & Sheng-Yen Chen & Hien-Thanh Le & Wei-Lun Gao & Fu-Chun Chang & Chan-Chuan Wen & Yi-Chin Fang & Chao-Hsien Chen & Shun-Hsyung Chang & Hsiao-Yi Lee, 2021. "Design and Prototyping of Efficient LED Counter Beam Light with Free-Formed Surface for Meeting International Tunnel Lighting Standards," Energies, MDPI, vol. 14(2), pages 1-15, January.
    8. Sadeghian, Omid & Mohammadi-Ivatloo, Behnam & Oshnoei, Arman & Aghaei, Jamshid, 2024. "Unveiling the potential of renewable energy and battery utilization in real-world public lighting systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    9. Jorge Barrientos Mar n & Fernando Villada, 2020. "Regionalized Discount Rate to Evaluate Renewable Energy Projects in Colombia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 332-336.
    10. Domenico Campisi & Simone Gitto & Donato Morea, 2018. "An Evaluation of Energy and Economic Efficiency in Residential Buildings Sector: A Multi-criteria Analisys on an Italian Case Study," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 185-196.
    11. Ivan Paucek & Elisa Appolloni & Giuseppina Pennisi & Stefania Quaini & Giorgio Gianquinto & Francesco Orsini, 2020. "LED Lighting Systems for Horticulture: Business Growth and Global Distribution," Sustainability, MDPI, vol. 12(18), pages 1-19, September.
    12. Domenico Campisi & Simone Gitto & Donato Morea, 2018. "Shari’ah-Compliant Finance: A Possible Novel Paradigm for Green Economy Investments in Italy," Sustainability, MDPI, vol. 10(11), pages 1-12, October.
    13. Donato MOREA & Marino BALZARINI, 2018. "Financial sustainability of a public-private partnership for an agricultural development project in Sub-Saharan Africa," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(9), pages 389-398.

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    More about this item

    Keywords

    Light Emitting Diodes Technology; CO2 Emissions; Public Lighting;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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