This paper investigates the importance of tribology towards the global economy. The current world energy crisis, the depletion of fossil fuel reserves and the increasing of environmental hazards over the years have urged academicians and scientists to continuously seek for methods to overcome these problems while improving the quality of life in the same time. Energy saving can be achieved through the implementation of tribological improvements in various sectors such as transportation, manufacturing, power generation and residential sectors. The friction reductions eventually lead to wear reduction, energy loss reduction and CO2 emission reduction due to the lesser energy consumption. Therefore, it can be concluded that advanced tribological technologies benefits the entire world in the economical aspect through energy saving and emission reductions.
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