It’s no secret that global energy demand continues to rise, with some estimating an increase of a third by 2040.
Meanwhile, the energy industry is on the cusp of a 100-year change away from oil and coal hydrocarbons towards renewables and natural gas. Every stakeholder in the industry has a role to play in the energy transition, including within the industrial sector which accounts for 50% of global energy consumption.
In the long-term, businesses will naturally have to adapt to new models and deal with pressure to reduce their energy consumption – but it is legislation that typically drives change at first.
Source: Smart Energy International
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