Abstract
Industrial energy consumption accounts for 50% of global use and manufacturers that invest in energy waste reduction strategies can have a significant impact on emission reduction while ensuring they operate within energy usage limits. Exceeding these limits can result in taxation from national and international policy makers and charges from national energy providers. For example, the UK Climate Change Levy, charged to businesses at 0.554 p/kWh can equate to 7.28% of a manufacturing business’s energy bill based on an average total usage rate of 7.61 p/kWh.
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