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Importance Of Energy Conservation

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Global energy consumption has increased steadily for much of the twentieth century, particularly since 1950. In 2011, the world consumed 88 million barrels of oil per day, a 7% increase from 2010 (Statistical Review of World Energy, 2014). Most of the energy increases came from non-OECD countries (Statistical Review of World Energy, 2014).In current scenario, for the first time, oil demand in the developing world is expected to be higher than in industrialized world (Global energy usage, 2012).The dynamics of energy markets are increasingly being determined by emerging economies.
In recent years, there has been an explosion of growth in energy demand from Asia, which eclipsed North America for the first time in 2003 as the world’s most energy …show more content…
In this context, efficient use of energy and its conservation is of paramount importance. It has been estimated that nearly 25,000 MW can be saved by implementing end-use energy efficiency and demand side management measures throughout India (Anil Sardana, 2014). Efficient use of energy and its conservation assumes even greater importance in view of the fact that one unit of energy saved at the consumption level reduces the need for fresh capacity creation by 2.5 times to 3 times. Further, such saving through efficient use of energy can be achieved at less than one-fifth the cost of fresh capacity creation. Energy efficiency would, therefore, significantly supplement our efforts to meet power requirement, apart from reducing fossil fuel …show more content…
However, in view of the projected continuing increase in absolute textile production, future reductions (e.g., by 2030 or 2050) in absolute energy use and CO2 emissions will require innovation beyond technologies that are available today. The same is true for water conservation and reducing other pollutant emissions from the manufacturing process. Developments will likely include new processes and materials as well as technologies that can economically reduce the industry’s energy use and emissions. Deployment of these new technologies in the market will be critical to the industry’s climate-change mitigation and environmentally friendly production strategies for the mid and long

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