GHG Abatement Through Energy Optimization
CIM Toronto 2009
David G.C. Clarry, Julia Tsai, Elizabet A. Cruz,
Targets set by various government policies and international negotiations suggest that developed countries will undertake to reduce GHG emissions by 20% to 40% over the next decade. It is likely that developing countries will also have to contribute some way, perhaps by emissions intensity targets. The corresponding regulations for these targets are yet to be defined (although they are in development in Canada and Australia).
Despite the regulatory uncertainty, companies will benefit from planning around a general target of a 25% to 40% reduction in GHG emissions over the next decade, and the corresponding financial exposure to supply chain emissions. This may also identify opportunities for emissions reduction credits. Since much of the industrial GHG emissions are either energy or process off-gas related, one way to approach this reduction planning is through overall energy optimization: reducing consumption; recovering waste heat; and sourcing energy from clean sources. This paper proposes a road-map for an economical approach to such optimization.
Greenhouse Gas, Optimization, Energy