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Industry uses more than one third of global energy consumption and this is estimated to grow at an annual rate of between 1.8% and 3.1% over the next 25 years. Industrial energy efficiency decouples economic growth from its associated environmental impacts, reduces industrial energy intensity and improves business competitiveness. Therefore, improving energy efficiency is critical to the commercial performance of a business across its global markets. It is also one of the most cost-effective measures to enable countries to meet their objectives for energy demand, energy security and environmental protection, including mitigating climate change emissions.
Ricardo Energy & Environment’s specialists have a proven track record of designing and implementing industrial energy efficiency mechanisms including voluntary agreements, subsidy policies and carbon markets.
Our work brings together expertise on policy design; capacity building and technical expertise in industrial emissions abatement; renewable energy; climate finance; measurement, reporting and verification (MRV); and inventory design.
Ricardo Energy & Environment’s clients include national governments, the European Commission, the Organisation for Economic Co-operation and Development (OECD), the World Bank, the UN Development Programme, GIZ (Germany’s leading provider of international cooperation services), UK Government (including the Department of Energy & Climate Change and the Foreign and Commonwealth Office), multinational corporations, and a wide range of other public and private sector organisations.
Our industrial energy efficiency services include:
Voluntary sectoral agreements
Since 2001, we have developed and managed a voluntary agreement system for industrial energy efficiency covering 54 sectors and nearly 10,000 facilities in the UK. Our work includes abatement assessment, target setting, sector facilitation and engagement, MRV system development and compliance auditing. The system has achieved reductions in energy intensity of around 20% over the last decade.