The Low Hanging Fruit - Energy Efficiency in Developing Countries
THROUGHOUT the developing world energy efficiency is becoming increasingly critical as they wish to adopt sustainable economies in the face of ever increasing growth in energy demand.
THE International Energy Agency (IEA) have been running a series of articles about energy efficiency across the developing world, and in their third article they focus on how it is a low hanging fruit, just begging to be picked for savings in energy consumption and costs.
Accepted wisdom tells us that energy-efficient technology and services investment enables businesses achieve higher production levels, higher profits and more jobs, all the result of saving energy and money
The IEA article refers to their analysis on energy solutions and services implementations in South Africa has had an impact on energy expenditure. The research concludes “that implementing efficiency measures could effectively contain energy spending at current levels” in the IEA’s own words.
The Agency also recognised the importance of energy service companies (ESCOs) as a focus of improvement, and for their drive to improve implementation of technical and “financial solutions and services.:
As an example of how ESCOs are at the centre of energy efficiency improvement in developing countries the article looks at the example of ESCOs in China. With the country encouraging the formation of over 5000 energy efficiency companies, leading to 600,000 jobs.
Small and medium enterprises are the growth area in many developing companies. The IEA report that across the world, SMEs consume over “13% of total final energy consumption and provide 60% of all jobs.” Global energy consumption could be reduced by 30%, according to the IEA, through the implementation of energy efficiency measures across these businesses.
Many of the energy saving measures that can be implemented can be described as low hanging fruit, as they are simple, low or no costs strategies. As simple as turning lights or equipment off when not needed, through to energy efficiency technologies that provide a rapid return on investment.
The IEA article refereed to and sourced int his post is the third of a five-part series on energy efficiency, focusing on real-life examples in developing countries. You can read the other articles on these links: Part 1, Part 2, Part 4, Part 5.
Friday 21st October 2016