The ENERPO panel discussion took place on November 17, 2017. It was dedicated to the following questions: Why are beneficial and economically-viable investments in energy efficient industrial projects not always implemented? Which factors influence decision-making on energy efficient investments at the strategic management level?
The discussion is very important for Russia, where there is great potential for improvements in energy efficiency. According to a 2007 World Bank report, total primary energy consumption could be reduced by 45% by 2020 (versus 2005) without any harm to the country’s economic development. A decade after that report was published, data from Russia’s Energy and Economy Ministries data show that in 2017, the amount of energy required to produce a single unit of GDP will be no more than 12% lower than in 2005, while by 2020 the country would not achieve a reduction in energy use no greater than 20% versus 2005 - That is, less than half the potential increase in energy efficiency identified by the World Bank in 2007.
For its discussion panel, the ENERPO Center has invited Catherine Cooremans, Co-Director of the CAS in Energy Management at University of Geneva, Institute for Environmental Sciences (ISE); and Senior researcher at University of Neuchâtel, Institute of Economic Research; Associate Partner of Eco’Diagnostic Geneva.
Specialising in the implementation of energy efficient strategies in businesses and economics, Catherine currently teaches such courses as Myths and Realities of Investment Decision-Making; Financial Tools for Assessing Capital Investment; and Strategic and Financial Approaches to Investment Decision-Making, and provides consultation for businesses, utilities and public programmes on the issues of sustainable energy and carbon management.
Catherine talked about how to include energy efficiency in the key strategic development issues of an enterprise, and will also present National Research Programme "Managing Energy Consumption" and a new H2020 project: M-Benefits, Valuing and Communicating the Multiple Benefits of Energy-Efficiency Projects. Catherine Cooremans' presentation is available here.