Bangladesh, a developing country, experienced sustained fiscal growth for the last few years due to increased industrialization. Due to a rapid economic growth, the requirement for energy is surging every day. Due to hiking the price of energy production cost and crises of Natural gas reserve, energy efficiencies now become a crucial point for us.
Energy efficiency in industry is not only beneficial from the government perspective, but can also be advantageous for the business owners . From the government perspective, energy efficiency measures could lead to reduced energy use from industry, which is highly important for a country like us, considering the significant gap between demand and supply of energy, along with highly governmentally subsidized energy prices. Moreover, with the demand to mitigate global climate issues, it is important for industries to improve energy efficiency for reducing CO2 emission, which is achievable by implementing proper energy management practices.