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Energy sources can be used to produce electricity cheaply, but there are limits to how much people will work for the product.
According to a new paper from the Centre for Energy Economics and Technology (CEE), people will increasingly be willing to work for energy products.
The paper, titled “When Energy is Cheap, People Will Be Attracted to Work for It: Energy Prices and the Demand for Work in Energy-Producing Communities”, analyzes the relationship between energy prices and the number of jobs in a community.
According to the paper, there is a strong correlation between the demand for energy and the number of people employed.
“Energy prices are highly sensitive to the amount of energy that people have available and this means that the number and intensity of jobs created by energy-intensive technologies is highly dependent on energy prices,” the authors said.
“For example, an energy-efficient car is more likely to create a job if the price of energy is low and is more highly valued when energy prices are high.”
The researchers found that there are four distinct pathways of energy supply and demand in a given community.
“There is a high dependence on energy production for jobs and this can be linked to local economic development strategies, such as the creation of community hubs,” they said.
While the researchers found there was a strong correlation between the demand for and number of energy-related jobs, there was no relationship between the supply of and number energy-producing jobs in the communities.
In contrast, there were positive correlations between the number jobs and the demand of energy, which could be due to either higher energy costs or a higher demand for workers who are skilled in energy production.
However, the researchers added that there is another pathway of energy demand that is independent of job growth.
They found that the relationship between jobs and jobs was positive only if there were a significant difference in energy prices between different communities.
“These relationships can be explained by the fact that the demand for energy products is determined by a large number of individuals and not just a few individuals, which can make it hard to compare these relationships across communities,” the paper said.
The researchers hope to use their work to improve how communities assess the needs of their residents, and create policies that will incentivise communities to invest in energy efficiency.