• 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

    * Li & Fung Research Centre (2004) "The Growing Power of Foreign Retailers in China" Business Source Premier (Digital Library) Book * Central of union of Hong Kong (2004) "A QUI PROFITE LE MIRACLE? Ou comment les travailleurs chinois payent le prix fort du boum �conomique de leur pays ? Books * Cabestan J.P. and Choukroune L.

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

    3.GOVERNMENT SUPPORT FOR MSME'S DURING 11TH FIVE YEARS PLAN (2007-2012) The 11th plan's approach to the MSE sector marks a shift from the welfare approach to that of empowerment.

  1. ITC - diversification strategy

    o Marine products This business is there since 1971. It exports frozen as well as cooked shrimps and other seafood products to Japan, USA and Europe. o Processed fruits ITC entered processed fruit business since 198919. These include frozen foods, IQF (individually quick frozen)

  2. Outsourcing Report. Objectives are: To ...

    Wall Street places a premium on the predictability of earnings and revenue, especially during the time of economic downturn. As a number and variety of outsourced revenue business continue to proliferate, business models that have evolved around the sale of consulting projects and software licences could be seen as less valuable than their outsourcing rivals.

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

    knowledge needed to develop the hybrid synergy drive, so it formed a strategic partnership with Panasonic, a battery technology leader, to achieve what it needed for the Prius and beyond. Most of the companies we studied in this case study set reported being active in attending tradeshows, networking actively with

  2. Evaluating the different sources of business finance.

    Sometimes family members or friends may want to get the business share also want to get the profit of the business against their money. In these circumstances, the relationship between business owners and business angels will be fall. All sources of finance, there are positive and negative aspects.

  1. Challenges faced by management at U-Fone Pakistan.

    Nowadays managers are taking steps to make their workplace more efficient and flexible. Changes come in the form of an occasional storm, a brief distraction in an otherwise calm and predictable trip. MANAGING WORK-LIFE BALANCE: Work-life balance is about people having a measure of control over when, where and how they work.

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

    Electronics contain many toxic materials for example monitors and televisions are made with tubes which have lead in them. Most of the flat panel monitors and TV?s contain lead and mercury. About 40% of the heavy metals, including lead, mercury and cadmium, in landfills come from electronic equipment discards.

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