ENERGY & CARBON MANAGEMENT, FUTURE, POLICY, TECHNOLOGY

1. ENERGY & CARBON MANAGEMENT, FUTURE, POLICY, TECHNOLOGY

2. Industry consumes 1/3 of total energy produced, according to IEA UNIDO saving potential may be as large as 31 EJ per year, value saved will be on the rise • Now and in future more, optimizing energy would be essential to improve industrial competitiveness - no philanthropy – also achieve wider social goals, energy security, economic recovery and development, climate change mitigation. • Energy management programmes will become mandatory, voluntarily or by statute.

3. The fundamentals for sustainable innovation Emerging need to shift from the model where sustainability is seen as trade-off amongst ‘society’, ‘environment’ and ‘economy’ or ‘people-planet-profit’ to an ‘interdependent existence’ model of sustainability.

4. Transcend many barriers particularly attitudinal • Policy pathway will traverse joint PP approach for EC,EE,RE, finance, monitoring, verification & enforcement, energy performance certification. • EC/EE cheapest,attitudinally EC could have perceived barrier, lowest cost option + energy cost reduction, improving cost competitiveness, important, access to energy, energy security, reduction of pollution level → a no regrets strategy.

5. Some drivers of India’s energy policy : • Growing economy, key needs will be dependable, reliable, affordable, available supply of electricity, gas & pet products, Inclusively. EC(ER3), EE, RE, Carrot/stick • Increasing household income> more demand • Limited domestic reserve of fossil fuels, need of import and foreign exchange. • Reaching out to remote villages. • Indoor – urban / regional impact, need of cleaner fuel and technology. • Reduction of fossil fuel use with set targets.

6. Energy intensity of Indian industries have been generally high but country has made reasonable progress in recent years(cement, power), in some cases substantial. • Much variances occur in different sub-sectors – also wide range of vintage plant, production capacity and use, product mixes, quality of raw materials etc. • The guiding factors have been / will be EC Act, development of EE (establishment of BEE), standard by industrial product & process, energy audits. Energy award, Energy managers helped.

7. Introduction of PAT, sector wise specific energy consumption level, EC award / computation (significant energy saving reported), RE development – preferential loans, VC funds, guarantees need FEEED (frame work for EE economic development) IREDA, EESL etc. • Facets include reporting of indicators, enhancing investor’s confidence (yet to happen fully in India), treating sustainability as organic and a business driver / source of innovation (2013 UN study found 63% of CEO’s expect sustainability to transform their industry within 5 years).

8. 613 large public cos. found 24% of CEO’s had sustainability linked to their compensations. • Of particular importance has been resource productivity indicators for energy, carbon, water, waste particularly in pharmaceutical and bio-tech cos. • Other drivers for environmental sustainability management are business related – opportunities reveal themselves in the frame. These environmental degradation (carbon reduction, bio-energy etc.), population growth & urbanization (Mega & Smart cities), shifting in economic areas of power (rise of middle-class).

9. Mandatory EE stds, PAT schemes, govt interven tion, incentives are effort defining policies • Mandatory energy audit and energy managers, financing schemes eg. (IREDA), facilitating VC fund, partial risk guarantees, national awards etc. (Carrot and stick) could be supporting measures to increase effectiveness of policy. • Govt. policy packages should support EE & climate mitigation goals by first specifying ambition level, mandatory targets, in consultation, technologically, socially, realistically by stakeholders and experts.

10. Effective data collection & propagation system, transparent monitoring, reporting & verification process essential to make it going. • Other issues important for industry, bench marking within the country and globally, collection of best practices, realistic but ambitious key performance indicators, trend analysis, energy – mass balances etc.

11. “IN THE PAST, SUSTAINABILITY ENGAGED THE MIND BUT THE FUTURE DEMAND AN ENGAGEMENT WITH THE HEART AS WELL” W ADAMS

12. “KNOWLEDGE WILL GIVE US A WAY TO LIVE OUR LIFE IT IS WISDOM WHICH WILL BRING TO US THE QUALITY OF LIFE”