Environment- The replacement of fossil fuels with renewable energy (UCSUSA, 2013) will cause a decrease in CO2 emissions which will decrease pollution. By using renewable energy sources like solar energy, we also reduce our dependence on fossil fuel gas and oil reserves, which are becoming more expensive and difficult to find. It also reduces our dependence on imported fossil fuels, improving our energy security. Economic- Renewable energy development outperforms fossil fuels (UCSUSA, 2013) in two important ways when it comes to driving job growth, first of all renewable energy development is relatively labour intensive, so it creates more jobs per dollar invested than fossil fuel resources and Installing renewable energy facilities uses primarily local workers, so investment dollars are kept in local communities. Local landowners benefit from renewable energy development.
This kind of subsidy is utilized to guarantee satisfactory domestic supply by supporting indigenous fuel generation with a specific end goal to diminish import reliance, or supporting abroad exercises of national energy organizations. Doing this helps to keep monetary profits and other benefits inside the lines of the United States. As related to economic benefits, energy subsidies show up as diminished costs. They are utilized to invigorate specific monetary divisions or fragments of the populace. For example, this can directly impact the community by mitigating destitution and expanding access to energy in cultivating nations.
According to LUKOIL estimates (2013), the global demand for liquid hydrocarbons will continue to grow by 1.2% on average annually and will reach 105 mb/d by 2025. The major market pressure in oil demand will come from the transportation sector, a sector where oil is the principal energy source (over 90%). The consumption of liquid hydrocarbons will be on the increase in developing countries due to the fact that the transportation industry is undergoing rapid growth. • Demographic factors The world’s population will continue to grow rapidly. Between 2010 and 2025 global population will grow by more than 1.1 billion people.
Duke Energy is the largest power holding company in the United States. Serving well over seven million customers and being active in more than six states across the country makes them one of the top companies in the country. Duke Energy contributes its success to having a diverse portfolio of energy harnessing activities and looking to the future instead of staying in the past. Even though it is now such a large company, Duke Energy was not always such a ‘powerhouse’ in the energy world. In 1905 James Duke, William Lee, and Gill Wyile had an idea to create a hydroelectric power company in the piedmont of North and South Carolina.
Since the turn of the century, researchers, politicians, and scientists have vastly drawn attention to the need to acquire natural renewable energy resources. Nobody accurately predicts the future of fossil fuels, but logical assumptions and wise planning regarding the duration and impact of energy sources need to increase. Innovators and large companies need to devote research and efforts into using renewable energy in order to protect the atmosphere, lifestyle, and costs of energy. Many companies such as Apple, Bloomberg LP, BMW, and Wells Fargo implement renewable energies into their business and all have pledged to fully transition to renewable energies (RE 100). Although currently methods of obtaining energy may not significantly alter lifestyles throughout the world, society needs to remain attentive to consequences of non-renewable energy and seek productive ways of accessing renewable energy to help improve the environment and conserve fossil fuels.
As it stands, 81% of around 110 000 personnel of the Group who work outside France share the company’s beliefs and ethics. Furthermore LVMG constantly nurture growth by strongly imposing itself into developing markets like Brazil, Russia, India, Indonesia, China, and South Africa. In 2011, the Group implemented 495 outlet around the world, which mean that they had a rise of 19.5% from 2010. 2. Case Background: LVMH Strategies and Competitive Advantages Bernard Arnault (Chairman and
With a yearly benefit level higher than GM, Passage and Chrysler together, Toyota is an extraordinary benefit generator. Amid the 2006/2007 financial year benefit became by 19.8 percent and came to 100 billion SEK. Its return on resources is pretty nearly 8 times higher than the business normal and the organization has made a benefit the last 60 continuous years. Toyota is an in number or even prevailing player in every portion from economy to extravagance and vehicles to pickup trucks. In 2008, Toyota turned into the greatest auto producer on the planet and it is quickly assembling new generation limit around the world.
The country has got a population of 17.7 million, among which 32% of population is dependent. Kazakhstan has an abundant supply of accessible mineral and fossil fuel resources like Crude Oil, Natural Gas, Potassium, Uranium, Chromium, Lead, Zinc, Manganese reserves, Copper, Coal, Iron, Gold, and Diamonds. The economy of Kazakhstan is mainly dependent on the extraction and export of these natural resources. Kazakhstan, a principal energy producer achieved rapid growth of more than 9% annually in the period of 2002-2004 is because of the high international prices of natural resources provided robust growth in 2005 that kind of market situation helped a newly independent country to take its economy on the path of development. Extractive industries have been and will continue to be the engine of Kazakhstan’s growth, although the country is aggressively diversification strategies so as to not depend on natural resources for the revenue.
Nepal attempts to achieve several sectors: facilitate water resources in everywhere, set reasonable price on hydropower electricity, and extend rural electrification to promote developments of rural economy (His Majesty's Government). Furthermore, Nepal government intervention on hydropower to fulfill the domestic electricity demand, and maximize the benefits of water resources (His Majesty's Government). Similar to Nepal, Turkey also considers economical aspect significantly; however, Turkey puts relatively balanced efforts on environments as well. Turkey’s policies are divided into two, which are “Electricity market licensing regulation”, and “utilization of renewable energy resources for the purpose of generating electrical energy” (Erdogdu, Erkan). In order to approach, Turkey views the advantages and disadvantages that hydropower impacts on economy critically (Erdogdu, Erkan).
Kahn’s (1995) approach to the sustainable development theory is consistent with the modern day development techniques of Europe 2020 priorities; smart growth, sustainable growth and inclusive growth. The adoption of some innovative strategies such as the utilisation of renewable energy as an integral part of the energy mix could result in growth of the economy, which will eventually trickle down to the poor or extend to the rural or disadvantaged areas of the country. The social sustainability generally explains the idea of equity among the people, empowerment, participation, accessibility and institutional stability. It seeks to ensure a good standard of living in the country by alleviating poverty. Environmental sustainability seeks to explain the ways in which exploitation and utilisation of the natural resources will not be made to negatively affect the environment or the health of human beings (Kahn 1995).