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The Importance Of Energy Consumption In The Philippines

861 Words4 Pages

In the present society, sustainability is the key target in order to ensure that mankind will have a prosperous future. Only by following sustainable paths of development the constrained resources of the earth will be preserved as the demand for them rises dramatically. As a result, technological innovation and regulated use of resources are essential in achieving economic growth while simultaneously sustaining the demands of the environment (Xylia, 2014). The productivity of industrial processes can be achieved via energy improvements that in addition to reducing the energy consumption bring other non-energy related benefits, such as lower maintenance costs, increased production and safer conditions of work. Since electricity remains the most common source of energy not only in the Philippines but worldwide (http://web0.psa.gov.ph/tags/energy-consumption), the European Communities (IEEP, 2013) and the Philippine Government encourage business sector to save energy. Industries in Sweden and other countries in Europe have participated in this program on a voluntary basis. The industries have introduce energy management system and carried out energy audits. An evaluation of the program shows that the more than 1,470 companies employing the equivalent of 130,000 full-time which participated in the program reduced their annual energy consumption by around 10%. In the Philippines, according to the study by Reveilhac (2013), energy saving can be done through energy consumption

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