• 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

    Le march´┐Ż des logiciels en Chine [online] Available at: http://www.missioneco.org/chine/documents_new.asp?V=3_PDF_122907 People's Daily (2000) New Product Quality Law Implemented in China [online] Available at: http://english.people.com.cn/english/200009/01/eng20000901_49543.html Xinzhen, L., (2008) "Information about the consumption in China" [online] Available at: http://www.chinafrique.com/zf-2005/2006-03/2006.03-bus-5.htm Information about the competitors in China http://www.fiducia-china.com/Information/Newsletter/68-1407.html http://www.chinafrique.com/zf-2005/2005-08/2005.08-bus-3.htm http://www.france24.com/fr/20080221-carrefour-wal-mart-font-guerre-chine-distribution Information about China http://www.chinaeconomicreview.com/realestate/2006/11/26/five-years-is-a-long-time-in-real-estate/ http://www.business-in-asia.com/china_retail.html http://www.chine-informations.com/guide/evolution-du-pib-chinois-1993-2006_1634.html http://www.questionchine.net/article.php3?id_article=2265 http://www.populationdata.net/pays/asie/chine.php Books/Reports: McMillan K.

  2. ITC - diversification strategy

    Data accessed by the farmers relate to the weather, crop conditions, best practices in farming, ruling international prices and a host of other relevant information. o Choupal Sagar This can be taken as extension from their success of e-choupal. Basically it is a physical infrastructure hub that comprises collection and

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

    SMEs are a distinctive mainstay of the economy that requires owing attentiveness. The evidence shows that small firms are discriminated against relatively large firms. Large scale firms can cope and solve their hurdles due to possessing sound experience and financial position.

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

    Textor is successful in innovation through its supply chain partnerships both forwards to customers and backwards in its supplier base. Textor works closely with its lead customer, Kimberley Clark to achieve mutual benefits through innovation, and also with its own suppliers to the same end.

  1. GLOBAL CONSIDERATIONS AND TRENDS PAPER

    Global projects obviously have additional challenges, different languages, customs, import and export issues, local laws, security, exchange rates, time differences, travel costs, international treaties, and quality standards. Challenges of Managing Virtual Teams The trend toward expanding products into the worldwide market has prompted organizations to seek expertise from individuals regardless of their location.

  2. E Waste Managment. The rapid transformation of technological innovations which makes our lives ...

    Another problem with the E-waste management is that the discarded electronics are managed badly Most of the E-waste still goes in the landfill. The EPA estimates that in 2009, the US generated nearly 3.2 million tons of e-waste. But only 18% of that was collected for recycling.

  1. Financial And Other Problems Faced By Cyclermate Bicycle Manufacturers.

    Besides, it shows that the majority of inventories are stored and not effectively managed, that is why current ratio is at such high level, which also means low sales and low revenue gained.

  2. Report on Bata in India

    Institutional sales division is focusing on the special needs of defence and para military forces; hospitability, airlines, retail, construction, hospitals, mining and many other industries, which have specialised needs. Bata has been holding a unique place in the hearts of Indians for more than 75 years.

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