Energy deprivation to financial prosperity: Unveiling multidimensional energy Poverty's influence
Malik Shahzad Shabbir, Calvin W. H. Cheong, Mohammad A. Jaradat, Ramona Lile, Gniewko Niedbała, Mihaela Gadoiu
Abstract
The purpose of this research is to assess how energy poverty affects an individual's social wellbeing and financial constraints. The present research examines the effects of energy deprivation on a family's well-being, educational attainment, and economic advancement using survey data from PSLM (Pakistan Social and Living Standard Measurement). The investigation's empirical findings imply that a household's needs for energy are directly correlated with the fuel type they use and how little or expensively they rely on renewable energy. The consequent implications of energy dependence on family prosperity are significant. Energy-poor households have been shown to be more prone to experience respiratory illnesses, pay more for health care, drop out of school, and have less employment opportunities.