Anticipate The SPIKE In Energy Prices, Industry Players Need Efficiency At The Same Time Reduce Emission

JAKARTA - Business sectors in various parts of the world are now facing a major pressure that has never been experienced before, namely increasing energy costs and the urgency of climate change.

In a study published by the International Energy Agency (IEA), it was stated that energy efficiency emerged as the best opportunity in the short-term business prospects as well as efforts to reduce emissions.

IEA Senior Program Manager Kevin Lane said the industrial sector is the world's largest consumer of electricity, natural gas and coal and is responsible for 42 percent of global electricity demand.

There are five countries with the world's highest energy users, namely China, the United States, India, Russia, and Japan. This energy consumption causes an increase in the cost burden amidst current world inflation contractions. This also resulted in the production of nine gigatons of CO2, "he said in a written statement on Tuesday, November 29.

According to Kevin, more than 300 million motor-based industrial electricity systems that are currently operating can be replaced with more optimal motor drives and have high efficiency.

"We calculate that we can reduce global electricity consumption by up to 10 percent if this is done," he said.

On the same occasion, ABB's President Motion Business Area stated that currently there are energy efficiency solutions that can help the industry mitigate climate change and reduce energy costs, without sacrificing performance and productivity.

"The industry can significantly increase efficiency through technology so that practical steps can be taken by company executives to reduce energy and cost use while maintaining operations," he said.

Similarly, Indonesian ABB Vice President Chen Kang Tan said the impact of increasing energy efficiency varies from one industrial sector to another and provides very large opportunities for cost efficiency and emissions.

He added that mitigation of climate change impact control by the industrial sector is needed at various levels considering the various benefits that can be generated in a short time with minimal risk levels.

Often we think we have made optimal efficiency efforts. However, the rapid development of technology in the last decade opens up opportunities for greater energy efficiency. The technology that the industry needs to optimize energy efficiency has been present and is now the most appropriate time to implement it," he stressed.