Benchmarking of Industrial Energy Efficiency. Outcomes of an Energy Audit Policy Program

Locmelis, Kristaps; Blumberga, Dagnija; Blumberga, Andra; Kubule, Anna

doi:10.3390/en13092210

Cited by 19 publications

(11 citation statements)

References 21 publications

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“…In terms of company size, larger companies are inclined to implement more energy efficiency measures than smaller ones. Similar empirical results were observed in Sweden [23] and Latvia [24]. Fleiter et al [25] conclude that their result identifies high initial investment costs as the main barrier to the adoption of energy efficiency measures.…”

Section: Contextsupporting

confidence: 59%

Impact of Energy Monitoring and Management Systems on the Implementation and Planning of Energy Performance Improved Actions: An Empirical Analysis Based on Energy Audits in Italy

et al. 2021

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The implementation of monitoring tools and energy management systems (EnMSs) supports companies in their long-term energy efficiency strategies, and they are essential to analyse the effectiveness of energy performance improvement actions (EPIAs). The first fundamental step towards increasing energy efficiency is the development of energy audits (EAs). EAs provide comprehensive information about the energy usage in a specific facility, identifying and quantifying cost-effective EPIAs. The crucial role of these tools in clean energy transition is remarked by the European Energy Efficiency Directive (EED), which promotes the implementation of EAs and EnMS programmes. The purpose of this work is to better understand the link between EnMSs (specifically ISO 50001) and EAs in the EED Article 8 implementation in two industrial and two tertiary sectors in Italy. Moreover, the impact of company size, energy monitoring systems, and EnMSs on planned and/or implemented EPIAs is analysed. Our findings show that, albeit the complexity of the variables involved in energy efficiency gap, the “energy savings/company” and “EPIA/site” ratios are higher in enterprises with an EnMS and monitoring system. Thus, a correct energy audit must always be accompanied by a specific monitoring plan if it is to be effective and useful to the company decision maker.

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Section: Contextsupporting

confidence: 59%

Impact of Energy Monitoring and Management Systems on the Implementation and Planning of Energy Performance Improved Actions: An Empirical Analysis Based on Energy Audits in Italy

et al. 2021

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“…Therefore, energy efficiency is of high concern and improvements in it have the potential to significantly cut energy usage and CO2 emissions. Several countries have also legislated in order to increase the energy efficiency (Locmelis et al 2020 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Liu

Yao

Latif

et al. 2021

Environ Sci Pollut Res

147

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In modern times, enhancing energy efficiency is one of the core agenda items for the economies to progress the world. United Nations general assembly has recommended increasing energy efficiency by considering the SDG-7 guidelines. In the contemporary period, E7 economies are deficient in producing the financial resources to ensure the availability of funds for the acquisition of energy efficiency. COVID-19 crises, lack of resilience in economies, devastating fiscal burdens, and tight monetary conditions of E7 economies are the major barriers. To resolve such issues, some innovative financing techniques, such as green financing, financial inclusion, and FinTech, were suggested to investigate. However, this research tested the empirical role of financial inclusion, green financing, and FinTech on the energy efficiency of E7 economies. Study findings have shown a significant role of such financing techniques on energy efficiency. Comparatively, green financing is found most fitting and highly supportive financing tool for energy efficiency among the three. The differences in attributes, financing mechanism, funds flow system, transection systems, and variation in support by the financial institution are the main reasons that lessen the role of financial inclusion and FinTech for energy efficiency. However, theorists must revisit the transaction system of FinTech and financial inclusion parameters like green bonds for energy efficiency attainment. Policymakers are suggested to develop viable and energy system-friendly policies to grant green finance to the energy systems of E7 economies, as conveniently as possible.

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“…Energy audit data also can provide such detailed data, as prior researchers have shown [29][30][31]. Kluczek and Olszewski [32] used energy audit data to analyze the efficiency of factory utility equipment such as compressed air and lighting.…”

Section: Literature Reviewmentioning

confidence: 99%

Will the Management Structure of Energy Administrators Affect the Achievement of the Electrical Efficiency Mandatory Target for Taiwan Factories?

Liao

Chen

2021

Energies

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Since 2014, Taiwan has promoted a 1% annual electricity saving target to promote electrical efficiency efforts. As the industrial sector accounts for approximately 60% of the overall electricity consumption of Taiwan, this sector presents the greatest opportunity for improving Taiwan’s overall energy efficiency. Here, the energy audit data of industrial energy users are analyzed via logistic regression to understand the factors impacting their likelihood of achieving the targeted 1% electricity saving. Of the variables under study, the number of employees and the rank of the energy administrator were significantly correlated with the likelihood of reaching the electricity saving target. Within the management structure of the factory, energy users with higher-ranking energy administrators are more likely to achieve the targeted 1% electricity saving. As it is impractical to rapidly increase the number of employees, higher-ranking employees, i.e., factory executives, should be appointed as energy administrators to improve users’ electrical efficiency and thus reach the targeted 1% annual electricity saving. Based on the findings of our research, we put forward a point of view that in addition to the introduction of new technologies to improve energy efficiency, it can also be achieved through adjustments to the management structure of energy administration.

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Benchmarking of Industrial Energy Efficiency. Outcomes of an Energy Audit Policy Program

Cited by 19 publications

References 21 publications

Impact of Energy Monitoring and Management Systems on the Implementation and Planning of Energy Performance Improved Actions: An Empirical Analysis Based on Energy Audits in Italy

Impact of Energy Monitoring and Management Systems on the Implementation and Planning of Energy Performance Improved Actions: An Empirical Analysis Based on Energy Audits in Italy

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Will the Management Structure of Energy Administrators Affect the Achievement of the Electrical Efficiency Mandatory Target for Taiwan Factories?

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