Question
Download Solution PDFWhich of the following energy-saving projects receives a high priority for implementation from authorities?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation
Authorities and decision-makers prioritize energy-saving projects based on their cost-effectiveness and impact. The primary goal is to achieve the maximum return on investment (ROI) while minimizing expenses.
Cost Efficiency:
- Projects with low cost require minimal investment, making them easier to fund and implement.
- Governments and organizations have limited budgets, so they prefer projects that yield significant results without heavy financial burdens.
High Return on Investment (ROI):
- A high return means the project will result in substantial energy savings, reducing operational costs and environmental impact.
- High ROI ensures that the benefits (such as lower energy bills and reduced emissions) outweigh the investment.
Comparison with Other Options:
- Medium cost, medium return – Less efficient than low-cost, high-return projects.
- High cost, medium return – Not cost-effective, as investment outweighs the benefits.
- High cost, high return – Though beneficial, the high investment requirement makes it harder to approve and fund.
Last updated on May 29, 2025
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