More than one third of the world’s energy is being used by industries for their production. Generally, the amount of energy being used will increase in time and progressively as the developing and underdeveloped countries embrace industrial production. Nonetheless, as these countries embrace industrial development, there will be an increased emission for greenhouse gases. Therefore, this condition And imminent danger can be prevented only through boosting and capitalizing on industrial energy efficiency. This article presents some initiatives that will help enhance and promote industrial energy efficiency.
First, there is need to enhance and embrace low carbon practices as well as energy saving policies for the industries. Governments are obligated with the responsibility of defining and implementing policies that will help industries enhance and maximize energy efficiency practices. For these policies to be developed and implemented alluringly, the government should always join ventures with the industries on this.
Industries need to start using energy management systems (EMS). With the systems, industries will always understand ways and means of reducing the energy they have been using on a daily basis hence elevating energy efficiency. The management system will help manage and reduce energy costs while improving and boosting productivity and efficiency in production. With EMS, a company will always be able to identify the imminent risks and manage them appropriately and strategically. Thus, one should always ensure that they have an EMS in place.
Another key ingenuity to embrace is transparency and disclosure. There is need for companies and industries to consider measuring their environmental risk. As a result, a company will manage to avail remarkable and irrefutable strategies for managing the risk. Therefore, embracing transparency and disclosure helps investors and decision making parties to garner facts enabling them identify the drive actions necessitated.
Carbon pricing is the next ingenuity to consider. Industries are using carbon pricing as a way of identifying and managing energy efficiency projects. Carbon pricing should be embraced by companies and incorporated in their longstanding financial plans as it is a valuable and indispensable tool for any company eyeing at increasing their energy efficiency.
Benchmarking is the last consideration to make. Nowadays, there is an increased cost of energy in all parts of the world and this cost will progressively keep increasing. Therefore, through energy efficiency, industries have managed to save a lot of money. Therefore, benchmarking is inevitable where a company wants to make achievement and garner facts on how to reduce their energy cost.
Industrial energy efficiency policies should be developed and implemented. There are so many options available today as there are renewable energy systems to be used and these could lead to a low-carbon economy. There is need for all the companies to grow together through borrowing ideas from each other.