True or False: Increased energy efficiency ultimately leads to lower cost.

Answer: True

Increased energy efficiency often leads to lower costs, both for businesses and consumers. This phenomenon occurs because energy-efficient technologies and practices typically consume less energy to perform the same tasks, resulting in reduced energy bills. Over time, the initial investment in energy-efficient solutions can be recouped through savings on energy expenses.

Moreover, energy efficiency can also lead to lower maintenance costs, greater productivity, and an overall decrease in the consumption of resources. Governments and organizations often promote energy efficiency as part of sustainability efforts, underlining its role in reducing environmental impacts.

However, it is important to consider that the extent of cost savings may depend on various factors, such as the initial investment required for energy-efficient technologies and the duration of their use. Nonetheless, the general consensus in energy economics is that increased energy efficiency does contribute to lower costs.