Improving the efficiency of industrial energy could cut usage by more than 25%, reports the International Energy Agency. Because industry accounts for about a third of global energy demand, greater efficiency in the sector is also a major step towards improved energy security as well as reduced greenhouse-gas emissions, the agency says in a new report.
Bo Diczfalusy, Director of Sustainable Energy Policy and Technology at the IEA said: “IEA analysis shows that, globally, industry could by 2030 cut energy use by the equivalent of the current annual electricity consumption of the United States and China combined.”
In a joint report with The Institute for Industrial Productivity, the IEA claims companies often need help in pursuing efficiency as a strategic investment, even if it promises greater profitability. The report also suggests Government-led energy management programmes offer companies both a reason and a method to reduce energy consumption by revealing savings and increased productivity.
The report therefore sets out a ten-step implementation guide for policy makers, offering approaches to fit the different frameworks and objectives of individual countries and industrial sectors.