PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY

The payment system and infrastructure is a sector that is not given enough attention today in the context of energy efficiency. This sector plays a big role in organizing and ensuring money circulation and funds. It has its value consisting on the one hand of the cost of payment equipment, infrastr...

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Autores principales:	Tetiana Osadcha, Oleksandr Melnychenko
Formato:	article
Lenguaje:	EN PL RU UK
Publicado:	Consilium LLC 2021
Materias:	energy efficiency payment equipment payment infrastructure payment instruments Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/24f73d57ba1f49eba04dfd056393313e
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spelling	oai:doaj.org-article:24f73d57ba1f49eba04dfd056393313e2021-11-21T22:28:19ZPAYMENT TRANSACTIONS’ ENERGY EFFICIENCY10.32070/ec.v2i50.1142449-73202545-3483https://doaj.org/article/24f73d57ba1f49eba04dfd056393313e2021-04-01T00:00:00Zhttps://european-cooperation.eu/index.php/EC/article/view/114https://doaj.org/toc/2449-7320https://doaj.org/toc/2545-3483 The payment system and infrastructure is a sector that is not given enough attention today in the context of energy efficiency. This sector plays a big role in organizing and ensuring money circulation and funds. It has its value consisting on the one hand of the cost of payment equipment, infrastructure, payment instruments. On other hand, its value consists of the cost of energy for their manufacture and maintenance. The European Commission has proposed raising the target for reducing greenhouse gas emissions, including emissions and removals, to at least 55% by 2030 compared to 1990. The EU's ambitions to improve energy efficiency can be enhanced either by improving the energy efficiency of each sector or by improving some sectors more than others. And there are thousands upon thousands of areas in which energy efficiency can and should be improved: from matchmaking to, in fact, payment transactions. The payment system and money circulation seem to be not the biggest problems in the energy sector. However, this is a very delicate topic, because often people pay in supermarkets the money earned, buying food and basic necessities. They spend their energy in vain, waiting in line for a payment transaction. Modern means of payment and payment methods do not address the problem of reducing the time for servicing payments, which entails the overuse of time, energy, and money. And the latest method of payment using cryptocurrencies can not change the situation for the better today. The use of new and advanced technologies such as new generation data transmission systems, the use of modern computers' computing power, the replacement of means of payment with "faster" ones, the use of more efficient cashiers, or their replacement by functional machines can reduce these indicators. Tetiana Osadcha Oleksandr MelnychenkoConsilium LLCarticleenergy efficiencypayment equipmentpayment infrastructurepayment instrumentsEconomics as a scienceHB71-74ENPLRUUKEuropean Cooperation, Vol 2, Iss 50 (2021)
institution	DOAJ
collection	DOAJ
language	EN PL RU UK
topic	energy efficiency payment equipment payment infrastructure payment instruments Economics as a science HB71-74
spellingShingle	energy efficiency payment equipment payment infrastructure payment instruments Economics as a science HB71-74 Tetiana Osadcha Oleksandr Melnychenko PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY
description	The payment system and infrastructure is a sector that is not given enough attention today in the context of energy efficiency. This sector plays a big role in organizing and ensuring money circulation and funds. It has its value consisting on the one hand of the cost of payment equipment, infrastructure, payment instruments. On other hand, its value consists of the cost of energy for their manufacture and maintenance. The European Commission has proposed raising the target for reducing greenhouse gas emissions, including emissions and removals, to at least 55% by 2030 compared to 1990. The EU's ambitions to improve energy efficiency can be enhanced either by improving the energy efficiency of each sector or by improving some sectors more than others. And there are thousands upon thousands of areas in which energy efficiency can and should be improved: from matchmaking to, in fact, payment transactions. The payment system and money circulation seem to be not the biggest problems in the energy sector. However, this is a very delicate topic, because often people pay in supermarkets the money earned, buying food and basic necessities. They spend their energy in vain, waiting in line for a payment transaction. Modern means of payment and payment methods do not address the problem of reducing the time for servicing payments, which entails the overuse of time, energy, and money. And the latest method of payment using cryptocurrencies can not change the situation for the better today. The use of new and advanced technologies such as new generation data transmission systems, the use of modern computers' computing power, the replacement of means of payment with "faster" ones, the use of more efficient cashiers, or their replacement by functional machines can reduce these indicators.
format	article
author	Tetiana Osadcha Oleksandr Melnychenko
author_facet	Tetiana Osadcha Oleksandr Melnychenko
author_sort	Tetiana Osadcha
title	PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY
title_short	PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY
title_full	PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY
title_fullStr	PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY
title_full_unstemmed	PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY
title_sort	payment transactions’ energy efficiency
publisher	Consilium LLC
publishDate	2021
url	https://doaj.org/article/24f73d57ba1f49eba04dfd056393313e
work_keys_str_mv	AT tetianaosadcha paymenttransactionsenergyefficiency AT oleksandrmelnychenko paymenttransactionsenergyefficiency
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PAYMENT TRANSACTIONS’ ENERGY EFFICIENCY

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