The Energy Chamber has developed an Energy Efficiency Declaration, recognising the role of energy efficiency in developing the economy and reducing Trinidad and Tobago’s greenhouse gas emissions.
To date, 11 companies have pledged their commitment, but the energy Chamber hopes the declaration will be embraced and adopted by its membership and the wider nation.
In a statement issued by the Chamber, it noted that energy efficiency was one of the immediate and impactful ways of optimising the use of T&T’s finite natural resources.
“Energy efficiency measures and initiatives will be crucial to the initial reduction of greenhouse gas emissions. Getting the industry to best in class levels of efficiency is the equivalent of unlocking a marginal field’s worth of gas.
“While some options may be more costly than others, collaboration across the sector presents opportunities to reduce costs and identify opportunities,” the Chamber explained.
The companies which have already expressed their commitment to the Energy Efficiency Declaration include Atlantic, bpTT, BHP Trinidad and Tobago, Damus Ltd, EOG Resources Trinidad, Massy Energy, Shell Trinidad and Tobago Ltd,The National Gas Company of Trinidad and Tobago, Methanol Holdings (Trinidad) Ltd, Methanex Trinidad Ltd and Yara Trinidad Ltd.
The signatories to the Declaration will endeavour to increase the levels of energy efficiency and conservation in their facilities, natural gas utilisation, electricity generation and electricity consumption, and transportation.
The Chamber added that the signatories to the Declaration will also further commit to working collaboratively with the Energy Chamber, other stakeholders in the sector and with the Government and international community.
The Chamber said the international community has identified improving energy efficiency as a crucial objective in meeting the dual challenges of increasing demand for energy and combating climate change.