Journal Press India®

Industrial Energy Efficiency – Barriers and Future Prospects

Vol 10 , Issue 1 , January - June 2021 | Pages: 27-33 | Research Paper  

https://doi.org/10.69711/sharda.ijmir.v10i1.2105


Author Details ( * ) denotes Corresponding author

1. * Aman Deep, PhD Research Scholar, IIM Shillong, Shillong, Meghalaya, India (aman.phd20@iimshillong.ac.in)

Research has recognized an extensive potential for energy efficiency improvement within the industrial sector, which is accountable for a significant share of global energy consumption and subsequent greenhouse gas emission. This study discussed the major barrier found in the literature in different industrial environment and it has been observed that the classification of the barricades to energy efficiency are diverse for different firms or establishments. Some barricades are very substantial in majority of the industrial establishments (financial/capital related, informational) while position of further barricades differs considerably across sectors. No single policy could be able to cater the diversified industrial segments. As an alternative, a variety of approaches is likely to be required, which will be helpful for the addressing the barriers of individual circumstances.

Keywords

Barrier, Energy Efficiency, Investment, Industry

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