Abstract
This study is aimed at identifying the weaknesses and strengths of the mechanism for managing industrial energy efficiency (EE) under the EU policy. It is of interest not only for countries consuming energy raw materials but also for its suppliers, since they are to predict the situation on the markets and follow global trends in energy saving and environmental protection. Within the framework of the research, the methods of analogies and comparisons are used to determine the costs of switching industrial enterprises to the EE principles. The modeling method is applied to five companies in the EU, the USA, Russia, and China. By comparing the existing mechanism for EE regulating, excellent results for the EU industrial companies can be observed. They are characterized by the achievement of a high level of energy saving (10-12%) at low costs. For most US companies, an adequate level of potential energy conservation can be noticed. Russian industrial enterprises are characterized by low energy saving at a huge investment cost. For companies in China, favorable conditions are created to achieve efficient energy conservation, however, the cost for EE remains high.
Highlights
An energy-efficient economy remains a basis for ensuring continuous economic development and realization of interests for any country
The international standard for energy management systems ISO 50001 provides a correlation between the services, goods or energy, and the initial level of energy consumption (Yuriev and Boiral, 2018; da Silva Gonçalves and dos Santos, 2019)
The EU has committed itself to a have a primary energy consumption of no more than 1483 Mtoe and a final energy consumption of no more than 1086 Mtoe in 2020 (Figure 1)
Summary
An energy-efficient economy remains a basis for ensuring continuous economic development and realization of interests for any country. It is confirmed by the economic development of the industrialized countries. The common and essential for all nations is the identification of energy conservation as one of the foundations for energy policy implementation and the creation of effective mechanisms for energy management. The legal framework and a system of standards are crucial instruments for performing energy saving policies and improving energy efficiency (EE) in developed countries. The international standard for energy management systems ISO 50001 provides a correlation between the services, goods or energy, and the initial level of energy consumption (Yuriev and Boiral, 2018; da Silva Gonçalves and dos Santos, 2019)
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