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Sustainability 2018, 10(11), 3961; https://doi.org/10.3390/su10113961

The Economic Potential to Support Sustainability through Household Consumption Choices

Sustainability Science, School of Energy Systems, Lappeenranta University of Technology, Saimaankatu 11, 15140 Lahti, Finland
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Received: 10 October 2018 / Revised: 26 October 2018 / Accepted: 29 October 2018 / Published: 31 October 2018
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

The amount of money that could potentially be saved by households by reducing unnecessary consumption and directed to sustainable investments without compromising the social needs in Finnish households was studied. The study was conducted by using statistical data and by creating short- and long-term scenarios to assess potential savings resulting from changes in household behaviour. According to the results, a Finnish household could save and subsequently allocate an average of €3400–€15,000 annually to invest in sustainability. The greatest potential for preventing unnecessary consumption is related to (1) food and drinks, and (2) transportation. In the long-term scenario, reducing expenditures in the category of housing also provides opportunities for high savings. A significant share of the saving created by sustainable patterns of consumption can be directed for example to investments in renewable energy. View Full-Text
Keywords: sustainability transition; consumer; household consumption expenditure; scenario sustainability transition; consumer; household consumption expenditure; scenario
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Claudelin, A.; Järvelä, S.; Uusitalo, V.; Leino, M.; Linnanen, L. The Economic Potential to Support Sustainability through Household Consumption Choices. Sustainability 2018, 10, 3961.

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