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Reducing industrial energy demand and improving resource efficiency could make a substantial contribution towards the UK government's goal of achieving 80% reduction in carbon dioxide emissions by 2050, while simultaneously improving productivity and creating employment opportunities. In this context, the government released its ‘Clean Growth Strategy’ in October 2017, although it has a number of limitations. The associated technology roadmaps exhibit quite large uncertainties, and reducing carbon dioxide emissions over the long term will depend critically on the adoption of a small number of key technologies, alongside the ‘decarbonisation’ of electricity supply. ‘Circular economy’ interventions have the potential to make significant energy savings that are complementary to other energy-efficiency measures. However, the task for both industrial and policy decision makers will still be challenging.
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Cooper et al. (2018) studied this question.
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