17.11.2014 Views

SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt

SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt

SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

The Meaning of Sufficiency Economy <br />

International Conference<br />

271<br />

where as energy savings in terms of electricity will be 38.35 MWh/yr. and diesel<br />

saving will be 1.87kl/yr. Total saving per annum will be Rs.0.8948 million. This<br />

saving will be realized when all the renewable energy systems and devices will be<br />

installed in the villages. <br />

Apart from this protection of environment, ensuring of villages energy<br />

security, employment generation and above all social costs of improving quality of<br />

life of the villagers are the added advantages of the recommended devices and<br />

technologies. <br />

Therefore, an emerging scientific consensus that a shift to small scale<br />

sustainable agriculture and localized food systems will address most, if not all the<br />

underlying causes of deteriorating agricultural productivity as well as the<br />

conservation of natural soil and water resources while saving the climate. To<br />

substantially improve living standards, access to modern energy is also crucial.<br />

Small agro-ecological farms are known to be highly productive (ISIS 2011), and are<br />

ideally served by new renewable energies that can be generated and used on site, and<br />

in off-grid situations most often encountered in developing countries. A model that<br />

explicitly integrates sustainable farming and renewable energies in a circular<br />

economy patterned after nature could compensate, in the best case scenario, for the<br />

carbon emissions and energy consumption of the entire nation while revitalising and<br />

stimulating local economies and employment opportunities. <br />

<br />

4. Limitations <br />

Electricity price is the biggest driver of breakeven cost, followed by finance<br />

factors, policy issues, and technical performance. (Denholm et al 2009)<br />

<br />

Caveats of our analysis include: <br />

• Focus of analysis is on overall trends and sensitivities, in order to evaluate<br />

the economic performance of an individual hybrid system a different/more<br />

detailed analysis would need to be carried out.<br />

• Breakeven period or Payback Period does not equal market potential or<br />

guarantee market adoption for rooftop PV, in other words, we do not<br />

present a depth of market analysis.<br />

Unlike fossil fuel technologies, the efficiency of renewable technologies is<br />

generally very site-specific. For example, it would be expected that photovoltaics in<br />

the UK would incur a higher cost per kWh than countries located at lower latitudes.<br />

(Owen 2004)

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!