Breaking Barriers to Showcase the Advantages of Energy Efficiency
(Room Jupiter 8)
02 Sep 15
4:00 PM
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5:30 PM
With the growing energy demand, an important element to be looked at is energy efficiency, because the greenest energy, is the saved energy.
The estimated energy saving potential in ASEAN countries varies from 15 to 40 billion USD, from an autonomous progress scenario up to a Technology Intense scenario. In Thailand, for instance, energy savings potential is estimated at 706m USD per year in the Commercial Sector and 420 mUSD per year in the Industrial Sector.
With such cost saving, why is not everyone implementing energy efficiency measures yet? For a start, authorities have not put any policies or standards in place that encourage stakeholders to examine energy efficiency solutions. Hence, financial providers are not keen on investing or lending funds for energy efficiency projects, and the industrial and commercial energy end-users are not motivated to set energy efficiency as a priority.
Too often, companies favour cheap initial investment during the construction phase, instead of studying the full life-cycle cost.
Energy audits, during which utilities (air-conditioning, compressed air, steam, hot water, etc.) are studied as a whole, lead to lower Capex and Opex, a higher efficiency, and a reduction in energy use.