R&D has an important role in improving the environmental performance of industry an important element in sustainable development. International Energy Agency figures indicate that technologies and best practices could save between 18 and 26% of current primary energy use in the global industry.

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The energy we invest into R&D saves more than four times energy than what we could obtain from the energy we could acquire through other sources.

So, the role of R&D and development in the sustainable industry is well worth the effort. The use of sustainable R&D has to be integrated into our environmental development.

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The role of R&D in the energy industry

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R&D endeavors are important for the success of R&D efforts in any industry. The R&D endeavor helps us to establish viable technologies and best practices that can help us to reduce our energy demand. We have to carefully assess the impact of our energy requirements at both the macro and micro levels. In order to develop the technology, we have to carefully study the environmental performance of the industry to understand the impact of our business. This impacts the way we manage our energy needs in the industry.

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We have to assess the technological flexibility and the operational performance of the technology as well as its cost. The development of the technologies has to take into account a large number of inputs from the economy, business, and environment.

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Industry R&D also helps to identify the cost of implementing the technological advancements and provides us with the operational flexibility to adjust the rates of energy use, capital investment, and operation practices, at any time, in the industry.

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We have to monitor the quality of the end product as well as its performance. The quality of the end product is a key indicator of the success of the R&D effort. This is because only quality products contribute to the satisfaction of our clients and ultimately to their continued business and confidence.