Industrial Energy Efficiency

 

Industrial Energy Efficiency

 

The industrial sector accounted for about 29% of the total final energy demand in 2011. Not only will industry continue to remain one of the major final energy consuming sectors, but its share in the total final global energy consumption will be higher than present levels. Demand for energy use in the industrial sector over the next two decades is expected to rise at rates higher than in the transport and building sectors because of its potential to contribute to higher economic growth and job opportunities. Widespread adoption of energy efficiency measures could reduce industrial energy use by over 25%. That potential is significant: it represents 3.92 Gt CO2 – an 8% reduction in global energy use and a 12.4% reduction in global CO2 emissions.

In addition, it provides several distinct advantages and spin-offs at the individual enterprise level such as increased competitiveness, improved operational efficiencies and productivity, reduced material losses and solid waste, decreased water use, and improved product quality. Such benefits have the potential to add another 50% in economic benefits on top of direct energy cost reductions.