Discuss the factors affecting industrial efficiency.
Answers
Right now, industry accounts for around one-third of the world’s energy use -- more than any other end-use sector of the economy.
Additionally, industrial energy demand is projected to increase by as much as 44 percent over the next twenty years, particularly in emerging and developing countries. This, of course, means there will be an unprecedented increase in the greenhouse gas emissions that are associated with climate change.
To avert this course, we will need to cut our annual global energy use by a quarter by 2020. It will take a major shift toward energy efficiency and smarter resource use to ensure industry plays its part by becoming more efficient and productive.
The good news is that we already have much of the know-how in place to stimulate this level of change. Here are the eight exemplary initiatives I believe can fundamentally alter the way industry uses energy and, ultimately, how our global economy functions.