The European Union has embarked upon the discovery of new tools and technologies for determining progress, wealth and growth in nations. Current measurement of GDP alone is highly focused upon economic factors. However, as most energy producers and energy efficiency industries know, environmental factors and non-economic indicators are considerable contributors toward progress and growth.
The idea is not new, many people have thought about this for quite some time. However, bringing it to action has been a sticking point that has avoided the pursuit of this information more diligently and the development of tools and technologies for assessing efficiency and progress.
The so called ‘new approach‘ has direct implications for many energy producers and energy products, since, they can be further assessed for non-tangible contributions to society, some of which, are often over-looked.
The process of developing energy includes the development of technologies and processes throughout the planning stages that contribute toward an understanding of regional water tables, climates, geology, distribution factors and a host of other information. Some of this information is held in a proprietary sense, however, cases can be made for the contributions of certain types of energy related information to regional policy and understanding. Many of these avenues have not often been explored, but identify valuable contributions toward wider regional development and policy making.