Abstract
Industrial energy policies often require the setting of quantitative targets to reduce energy use and/or greenhouse gas emissions. In this paper a taxonomy has been developed for categorizing SMART industrial energy use or greenhouse gas emission reduction targets. The taxonomy includes volume reduction targets, physical efficiency improvement targets, economic intensity improvement targets and economic targets. This paper also provides a comprehensive overview of targets for industrial energy use or greenhouse gas emission reductions at sector or firm level in past, current and proposed future policies worldwide. This overview includes approximately 50 different emission permit systems, voluntary or negotiated agreement schemes and emission trading systems. Finally, the paper includes an assessment of the various types of targets. The target types are compared with respect to the certainty of the environmental outcome and compliance costs, the targets’ relevance for the public and for industry and their environmental integrity, as well as their complexity and potential for comparison.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
