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The Rebound Effect in Industry 4.0: Circumstances and Consequences

In: Eurasian Business and Economics Perspectives

Author

Listed:
  • Giani Gradinaru

    (Institute of National Economy – Romanian Academy)

  • Gheorghe Zaman

    (Institute of National Economy – Romanian Academy)

  • Iulia Neagoe

    (Institute of National Economy – Romanian Academy)

Abstract

The chapter aims to present the consequences of using technology in inappropriate ways and to provide an overview of rational consumption. The motivation comes from understanding the phenomenon of rebound effect and from the desire to highlight the potential of technology when used carefully. Following the analysis of the literature, we present a concept that appeared in 1865, the one referring to the rebound effect, in a new economic-social context, the one generated by the appearance and development of industry 4.0. The chapter offers a paradigm shift in approaching the rebound effect, moving from the sphere of coal consumption to new types of fuels, much more efficient but which, precisely for this reason, can cause a much stronger rebound than the one recorded so far. Sustainable economic development facilitates the substitution of energy sources used in production processes. From the perspectives of diminishing the rebound effect as well as from the one of substituting the energy sources, in the last part of the chapter solutions are identified from the perspective of rebound effect versus global warming.

Suggested Citation

  • Giani Gradinaru & Gheorghe Zaman & Iulia Neagoe, 2021. "The Rebound Effect in Industry 4.0: Circumstances and Consequences," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Conrado Diego García-Gómez (ed.), Eurasian Business and Economics Perspectives, pages 217-227, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-77438-7_13
    DOI: 10.1007/978-3-030-77438-7_13
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    Cited by:

    1. Panait, Mirela & Apostu, Simona Andreea & Vasile, Valentina & Vasile, Razvan, 2022. "Is energy efficiency a robust driver for the new normal development model? A Granger causality analysis," Energy Policy, Elsevier, vol. 169(C).

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