IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2017-01-21.html
   My bibliography  Save this article

Light Emitting Diodes Technology in Public Light System of the Municipality of Rome: An Economic and Financial Analysis

Author

Listed:
  • Domenico Campisi

    (Department of Industrial Engineering, University of Rome Tor Vergata, Via del Politecnico, 1, 00133 Rome, Italy)

  • Simone Gitto

    (Department of Industrial Engineering, University of Rome Tor Vergata, Via del Politecnico, 1, 00133 Rome, Italy)

  • Donato Morea

    (Department of Industrial Engineering, University of Rome Tor Vergata, Via del Politecnico, 1, 00133 Rome, Italy)

Abstract

This study evaluates an investment project concerning the redevelopment of the public lighting of the Municipality of Rome. In particular, we consider the replacing of the traditional lamps of the system with light emitting diodes lamps. We consider the factors that affect this kind of project: The cost of energy, the manteinance cost, the investment cost and the weighted average cost of capital. Our results underline the reduction of energy consumption and of the maintenance costs, lower emissions of CO2 into the atmosphere, the reduction of light pollution, the positive effects on road safety and the indipendence by incentives

Suggested Citation

  • Domenico Campisi & Simone Gitto & Donato Morea, 2017. "Light Emitting Diodes Technology in Public Light System of the Municipality of Rome: An Economic and Financial Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 200-208.
    • Handle: RePEc:eco:journ2:2017-01-21
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/3790/2567
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijeep/article/view/3790/2567
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gallaway, Terrel & Olsen, Reed N. & Mitchell, David M., 2010. "The economics of global light pollution," Ecological Economics, Elsevier, vol. 69(3), pages 658-665, January.
    2. Comodi, Gabriele & Cioccolanti, Luca & Polonara, Fabio & Brandoni, Caterina, 2012. "Local authorities in the context of energy and climate policy," Energy Policy, Elsevier, vol. 51(C), pages 737-748.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hsing-Yuan Liao & Sheng-Yen Chen & Hien-Thanh Le & Wei-Lun Gao & Fu-Chun Chang & Chan-Chuan Wen & Yi-Chin Fang & Chao-Hsien Chen & Shun-Hsyung Chang & Hsiao-Yi Lee, 2021. "Design and Prototyping of Efficient LED Counter Beam Light with Free-Formed Surface for Meeting International Tunnel Lighting Standards," Energies, MDPI, vol. 14(2), pages 1-15, January.
    2. Ivan Paucek & Elisa Appolloni & Giuseppina Pennisi & Stefania Quaini & Giorgio Gianquinto & Francesco Orsini, 2020. "LED Lighting Systems for Horticulture: Business Growth and Global Distribution," Sustainability, MDPI, vol. 12(18), pages 1-19, September.
    3. Domenico Campisi & Simone Gitto & Donato Morea, 2018. "Shari’ah-Compliant Finance: A Possible Novel Paradigm for Green Economy Investments in Italy," Sustainability, MDPI, vol. 10(11), pages 1-12, October.
    4. Donato Morea & Marino Balzarini, 2019. "Bankability of a public private partnership in agricultural sector: A project in Sub Saharan Africa," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(5), pages 212-222.
    5. Donato Morea & Luigi Antonio Poggi, 2017. "An Innovative Model for the Sustainability of Investments in the Wind Energy Sector: The Use of Green Sukuk in an Italian Case Study," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 53-60.
    6. Donato Morea & Mohamad El Mehtedi & Pasquale Buonadonna, 2023. "Energy Context: Analysis of Selected Studies and Future Research Developments," Energies, MDPI, vol. 16(3), pages 1-6, February.
    7. Donato MOREA & Marino BALZARINI, 2018. "Financial sustainability of a public-private partnership for an agricultural development project in Sub-Saharan Africa," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(9), pages 389-398.
    8. Jorge Barrientos Mar n & Fernando Villada, 2020. "Regionalized Discount Rate to Evaluate Renewable Energy Projects in Colombia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 332-336.
    9. Theodor Terrich & Marek Balsky, 2022. "The Effect of Spill Light on Street Lighting Energy Efficiency and Light Pollution," Sustainability, MDPI, vol. 14(9), pages 1-10, April.
    10. Karolina M. Zielinska-Dabkowska & Kyra Xavia, 2019. "Global Approaches to Reduce Light Pollution from Media Architecture and Non-Static, Self-Luminous LED Displays for Mixed-Use Urban Developments," Sustainability, MDPI, vol. 11(12), pages 1-33, June.
    11. Faris Alshubiri & Mawih Kareem Ani, 2023. "Financing and returns of Shari’ah-compliant contracts and sustainable investing in the Islamic banking of Oman," Economic Change and Restructuring, Springer, vol. 56(4), pages 2455-2491, August.
    12. Domenico Campisi & Simone Gitto & Donato Morea, 2018. "An Evaluation of Energy and Economic Efficiency in Residential Buildings Sector: A Multi-criteria Analisys on an Italian Case Study," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 185-196.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Azevedo, I. & Leal, V., 2021. "A new model for ex-post quantification of the effects of local actions for climate change mitigation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    2. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    3. Olatz Azurza-Zubizarreta & Izaro Basurko-PerezdeArenaza & Eñaut Zelarain & Estitxu Villamor & Ortzi Akizu-Gardoki & Unai Villena-Camarero & Alvaro Campos-Celador & Iñaki Barcena-Hinojal, 2021. "Urban Energy Transitions in Europe, towards Low-Socio-Environmental Impact Cities," Sustainability, MDPI, vol. 13(21), pages 1-29, October.
    4. Kienast, Felix & Frick, Jacqueline & van Strien, Maarten J. & Hunziker, Marcel, 2015. "The Swiss Landscape Monitoring Program – A comprehensive indicator set to measure landscape change," Ecological Modelling, Elsevier, vol. 295(C), pages 136-150.
    5. Bale, Catherine S.E. & McCullen, Nicholas J. & Foxon, Timothy J. & Rucklidge, Alastair M. & Gale, William F., 2013. "Harnessing social networks for promoting adoption of energy technologies in the domestic sector," Energy Policy, Elsevier, vol. 63(C), pages 833-844.
    6. Juroszek, Zbigniew & Kudelko, Mariusz, 2016. "A model of optimization for local energy infrastructure development," Energy, Elsevier, vol. 96(C), pages 625-643.
    7. Tran Quang, Tuyen, 2014. "Determinants of nonfarm participation among ethnic minorities in the Northwest Mountains, Vietnam," MPRA Paper 59158, University Library of Munich, Germany, revised 08 Oct 2014.
    8. Houda Elmustapha & Thomas Hoppe & Hans Bressers, 2018. "Understanding Stakeholders’ Views and the Influence of the Socio-Cultural Dimension on the Adoption of Solar Energy Technology in Lebanon," Sustainability, MDPI, vol. 10(2), pages 1-17, January.
    9. Jennifer S. Bansard & Philipp H. Pattberg & Oscar Widerberg, 2017. "Cities to the rescue? Assessing the performance of transnational municipal networks in global climate governance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(2), pages 229-246, April.
    10. Salvador Bará & Raul C. Lima & Jaime Zamorano, 2019. "Monitoring Long-Term Trends in the Anthropogenic Night Sky Brightness," Sustainability, MDPI, vol. 11(11), pages 1-14, May.
    11. Azevedo, Isabel & Horta, Isabel & Leal, Vítor M.S., 2017. "Analysis of the relationship between local climate change mitigation actions and greenhouse gas emissions – Empirical insights," Energy Policy, Elsevier, vol. 111(C), pages 204-213.
    12. Dusan Gordic & Vladimir Vukasinovic & Zoran Kovacevic & Mladen Josijevic & Dubravka Zivkovic, 2021. "Assessing the Techno-Economic Effects of Replacing Energy-Inefficient Street Lighting with LED Corn Bulbs," Energies, MDPI, vol. 14(13), pages 1-16, June.
    13. Assoumou, Edi & Marmorat, Jean-Paul & Roy, Valérie, 2015. "Investigating long-term energy and CO2 mitigation options at city scale: A technical analysis for the city of Bologna," Energy, Elsevier, vol. 92(P3), pages 592-611.
    14. Quang Tran, Tuyen & Hong Nguyen, Son & Van Vu, Huong & Quoc Nguyen, Viet, 2014. "Determinants of poverty among ethnic minorities in the Northwest region, Vietnam," MPRA Paper 59144, University Library of Munich, Germany, revised 01 Oct 2014.
    15. Berardi, Umberto, 2013. "Stakeholders’ influence on the adoption of energy-saving technologies in Italian homes," Energy Policy, Elsevier, vol. 60(C), pages 520-530.
    16. Donatella Baiardi & Maria Gaia Soana, 2021. "Macroeconomic and microeconomic environmental and energy policies: are they effective for improving environmental performance of listed companies?," Working Paper series 21-17, Rimini Centre for Economic Analysis.
    17. Robert Shaw, 2014. "Streetlighting in England and Wales: New Technologies and Uncertainty in the Assemblage of Streetlighting Infrastructure," Environment and Planning A, , vol. 46(9), pages 2228-2242, September.
    18. Baiardi, Donatella, 2020. "Do sustainable energy policies matter for reducing air pollution?," Energy Policy, Elsevier, vol. 140(C).
    19. Annika K. Jägerbrand, 2020. "Synergies and Trade-Offs Between Sustainable Development and Energy Performance of Exterior Lighting," Energies, MDPI, vol. 13(9), pages 1-27, May.
    20. McGookin, Connor & Ó Gallachóir, Brian & Byrne, Edmond, 2021. "An innovative approach for estimating energy demand and supply to inform local energy transitions," Energy, Elsevier, vol. 229(C).

    More about this item

    Keywords

    Light Emitting Diodes Technology; CO2 Emissions; Public Lighting;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2017-01-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.