
Social Value of Energy
Social Value of Energy = Σ (Economic benefits + other noneconomic benefits)
Less the Σ (costs + burdens + risks) – Σ (externalities)
- CHRIS MOSER 2019 -
Social Value of Energy
GVI proposes that Canada’s transportation, energy, communication, and community infrastructure sector(s) should be considered in a socio-energy system design framework. Linking social and energy impacts on regional development explains the importance of the social value of energy. The social value of energy incorporates both the economic and non-economic impacts (or value) to an individual, home, business, community, or region obtained from creating or using energy.
Understood to be the net benefit that an individual, household, business, community, or society derives from the energy they can create, use, or destroy.