Over the years, industries have been consuming a lot of the world’s energy and today they are using over a third. 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. Industrial energy efficiency is the only irrefutable way through which this emission or danger can be prevented. This article helps you understand some fundamental initiatives that will promote industrial energy efficiency.
To begin with, industries and countries should always prioritize on energy saving and low carbon practices policies. Basically, governments have been formulating policies that enhance and uphold energy saving practices. For these policies to be developed and implemented alluringly, the government should always join ventures with the industries on this.
The second consideration or initiative to make is establishing and using energy management systems. the system enables a company to identify ways and means through which they could reduce the daily energy use which leads to an increased energy efficiency. While using EMSW, a company is always guaranteed of having an increased production while maintaining low energy costs. Additionally, EMS helps manage risks in a proficient and reliable manner. Therefore, there is need to ensure that energy management systems are capitalized on.
The other initiative that will help enhance industrial energy efficiency is transparency and disclosure. This demands that companies or industries get to define and establishing their environmental risks. 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.
The other initiative is carbon pricing. There are so many companies today who are putting a price on carbon which helps them pinpoint and implement energy efficiency projects. Therefore, companies need to embrace carbon pricing and have it featured in their long-term financial planning.
Finally, industries needs to embrace benchmarking. Nowadays, there is an increased cost of energy in all parts of the world and this cost will progressively keep increasing. There is a lot of money being saved through energy efficiency. Thus, it deems fit to benchmark other companies and identify means and ways through which they have implemented energy efficiency strategies.
There is need to have industrial energy policies in place and ready for implementation. 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.