• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20

Reducing world's energy demand : Positive aftereffects and future implications. Term paper in Environmental Economics and Energy Finance

Extracts from this document...

Introduction

Reducing world's energy demand : Positive aftereffects and future implications Term paper in Environmental Economics and Energy Finance at Frankfurt School of Finance & Management Shanghai, 22.07.2011 Table of Content 1 Introduction ................................................................................................,,,,,,,..........................- 2 - 2 5 Positive Aftereffects by decreasing World's Energy Demand - a short Introduction................- 3 - 2.1. Sustainability for future generations.......................................................................................- 6 - 2.2. Reducing dependence and decrease regional concentrations.................................................- 8 - 2.3. Reducing the risk of transportation.and exploitation............................................................- 10 - 2.4. Decrease global warming......................................................................................................- 11 - 2.5. Stimulate new innovations....................................................................................................- 12 - 3 Summary and Conclusion..........................................................................................................- 13 - 4 Future Implications and Ideas....................................................................................................- 14 - References.......................................................................................................................................-17 - 1. Introduction "The nexus between economic and environmental problems is clearly evident in the widespread and serious social and economic impacts associated with soil erosion, desertification, deforestation, urban congestion and squalor and excessive and unmanaged emissions of pesticides, heavy metals, air pollutants, and solid and liquid industrial and residental waste (Long, 1990 cited by Daniels, 2005, p.454). From restrictions forced through politics on Chlorofluorocarbon (CFC) in 1987, the restriction on the emission of CO2 of the "Kyoto Protocol" in 1997 to the "Restriction of the Use of Certain Hazardous Substances in EEE" (RoHS) and "Waste Electronics and Electronical Equipment (WEEE) in 2008, the rise of international environmental regulations and popular environmental consciousness of consumers would bring significant impacts to industries in the world (Chen et al., 2006). In the past 150 years where about the industrial revolution had its birth, economic growth seemed to undermine any other aspect of social or environmental considerations. Through the rising environmental issues undeniable by corporations and obvious for almost every citizen in the world at least through news and television, the importance of sustainable development processes cannot be neglected. Achieving sustainability is the real issue for humanity, and it is our need to learn to live sustainably, within the bounds of the global ecosystem, and moreover signs of dramatic sustainablility problems through growing economies, such as China or India, is threatening an ecological meltdown and its already affecting people's livelihoods and health. ...read more.

Middle

protectionism of resources maybe resulting in wars. Therefore supporting green energy and finding new ways for transportation and energy supply will minor or only postpone this possibility. Research publications give evidence to this idea. According to a empirical research by Collier and Hoeffler (2000) the probability of a war-start in a country with no natural resource exports is about 0,5 percent, whereby if oil is the major export good the possibilitiy of a civil war is about 40 percent. It cannot be only characterized by a homogenously dispersed population, other aspects have to be scrutinized. The cause that a civil war is for companies an advantage to exploit natural resources (f.e. explained by Maslow's hierarchy of needs etc.) might contribute to this fact. Natural resources in unstable governmental conditions are often more a curse than a blessing. 2.3. Reducing the risk of transportation and exploration Hereunto first an excerpt of BP's statistical review of world energy 2011 Figure 4: Source: In close retrospect to : BP Statistical Review of World Energy, June 2011, p.19) Looking closer at the export and import of crude oil it is first evident that the US and Europe are massively importing. Concerning Europe this figure is not astonishing with having only marginal crude oil sources, but concerning the US the export and import numbers are supposedly for many people a big surprise. Europe is exporting more crude oil than the US and the United States are just behind Europe in favor of imports, therefore the second highest importer of crude oil. As a country itself it is high above any other country. Although being the third highest crude oil producer, behind the Russian Federation and Saudi Arabia (BP, 2011) the US are also among the greatest importers. This is clearly a significant sign that the US is already holding back its crude oil sources for future demand. I will come back to this point in my summary and conclusion. ...read more.

Conclusion

As seen through the massive problems BP had to stop the oil spill in this ultra-deepwater oil drilling rig, emergency plans lack in their reliabilty. Therefore risky projects like the "Operation Liberty", BP's name for the Alaskan Operation, have to step back until technologies and emergency plans are mature, if at all maturity in this almost impenetrable regions is achievable. The neediness for oil has to be reduced and supporting renewables is the first step. Closer information to BP's operation in their official publication "Reaching Out To Liberty"(2008). 4. Consumers of energy, such as governments, companies and the general public can influence future developments of energy supply. By chosing energy only generated by renewable-energy power plants power supply companies can be forced to make new investments. The demand for power generated by nuclear plants or fossil fuel power plants is already decreasing around the world. A consequence of the recent Fukushima nuclear fuel melt in March 2011. Publications, such as "Top 20 Green Power Parners" in America, released by the U.S. Environmental Protection Agency are supporting this development. 5. Concerning quality management a new approach is also suggested. Juran, who occupies one of the leading positions concerning quality management, has defined quality as "fitness for use", which scientists nowadays still see as the closest definition to describe the term quality (Bisgaard, 2008). The quality of products and processes has to be, because of ecological and environmental-friendly reasons, newly defined and interpreted. Looking at the environmental problems and impacts, an only product-focused "fitness for use" point of view seems outdated and insufficient. Efficient energy use and environmental friendly products and processes should be centered in the new definition of quality. 6. Chen (2006, 2008a, 2008b, 2011) has shown in his empircal research studies that supporting green innovation and technologies can lead to green competitive advantage. Therefore investing in more efficient technologies and environmental protective innovations shouldn't be seen only as a marketing instrument or short-term approach. It can be implemented in a company's strategic guideline and result in competitive advantage, higher profits and reputation. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our University Degree Management Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related University Degree Management Studies essays

  1. Marks & Spencer China

    and Weyers J. (2007) "How to write Dissertations & Project Reports?" Pearson Education Limited Literature review Reports * Au-Yeung A. & Henley J. (2003) "Internationalisation strategy: in pursuit of the China retail market" European Business Journal * Gamble J. (2006)

  2. Micro, Small and Medium Enterprises (MSMEs) have been recognised as one of the ...

    The scale of operations, availability of finance, ability to use modern technology, procurement of raw materials are some of these areas. This gives rise to several problems. Most of these problems can be attributed to the small size of their business, which prevents them from taking advantages, which accrue to large business organisations.

  1. Global Wine War Case Study - New World v. Old World Wine Producers.

    Institutions include so many aspects, from the culture, legal, consumers' sentiment to the political, economic and so many other aspects. Before Mike Peng, in 1990, North stated that institution is the humanly designed for constraining the human interaction; and for Scott, institution is the structure and activities for guaranteeing the social behavior (Mike, et al, 2008).

  2. ITC - diversification strategy

    In 2008, there was some news about ITC moving into medical tourism by setting up a hotel near a hospital in Thane. Following was the structure of ITC hotels business just after the amalgamation in 200416. ITC hotels business grew through opportunities present at various points of time through several legal entities.

  1. Outsourcing Report. Objectives are: To ...

    expenditures are likely to grow by 10-15% a year from $145 billion in 2005 to about $230 billion by 2013. Trend 2: The growth of Multi-Sourcing Even though the spending on ITO and BPO services are increasing every year, the average size of individual contracts and duration of contracts are decreasing.

  2. Innovation For Business Success. It is possible to be innovative in both large ...

    and 'new-stream' activity now crosses firm boundaries as much as lies within single firms. Specialty Textiles does this activity particularly well. CEO Daniel Liepnik is particularly externally focussed, scanning the business environment constantly for new ideas that are at the cutting edge of both demand for and supply of specialty

  1. General Management - organisation, leadership and theories.

    This is what people need and want, this is what people are striving to achieve and nowadays this people could have. And yet all around we see people struggling at the different stages to achieve the next step. That progress arises only as the result of struggle is expressed in many different ways.

  2. The global business environment and its impact on Nestle.

    parties of the Nestle Corporations * Information and advises can directly be supplied to the customers due to globalization. * New technologies have come in to being which are user friendly where the Nestle organizations can minimize mistakes. * The world has become a global village and new communication techniques

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work