Essays on Integrated Energy Business Scenario in 2060 Case Study

Download full paperFile format: .doc, available for editing

The paper 'Integrated Energy Business Scenario in 2060" is a perfect example of a business case study. The energy  industry is among the industries that are impacted a lot by environmental, social, political and technological factors. It has been under a lot of pressure to become sustainable amid growing opposition to fossil fuels (Nelson, Nelson, Ariyaratnam and Camroux, 2013). It includes business such as AGL and Origin Energy in Australia. This report develops a scenario for Australia integrated energy business (oil, gas and electricity). The report provides a rationale for the business that is plausible.

This is through moving from fossil fuels to clean energy to cater to the market needs in 2060. This innovative solution caters for the environmental and social challenges that will be faced by the industry in 2060. The aim of the report is to show how the energy business can innovate for the future in the uncertain world. The report also aims at showing how the energy business can innovate to survive in the industry which is facing a major threat from being among the main environment polluters.

The chosen business scenario for 2060 will be justified through analysis of the current, emerging and future trends which are related to energy business in Australia. It scenario take into account the environmental, social, political and technology issues. This will be attained through the use of milestones and a timeline which starts from the current time to 2060. The report will start with sustainability situation analysis for 2060, then analyse the business situation for 2060. This will be followed by the business scenario for 2060. The current scenario will be connected to 2060 through milestones.

Lastly, a timeline will be drawn from the current moment to 2060. Australia sustainability Situation in 2060 This project is set in 2060 to determine the future of integrated energy business (Oil, gas and electricity) in Australia. The oil and gas production is not expected to keep pace with the demand which makes alternative sources such as biofuels more marketable in 2060 (Longwell, 2002). An increase in environmental stress will be the major cause of a reduction in the use of fossil fuels. This is because the CO2 increase will be a major threat to human beings.

The social, economic constraints will also affect the consumption of oil. This is because the rapid economic growth of the less developed economies will be driven by the biofuels. Despite this, Australia economy will have reduced their oil consumption and focused on clean energy (Azad, Khan, Ahasan and Ahmed, 2014). The advance in technology will also lead to efficient fuel consumption and alternative energy. Due to advanced technology, there will be new methods of extraction which are highly environmentally friendly.

In 2060, the legal environment in the energy industry will ensure that the industry is highly regulated to reduce the impacts on the environment. The regulations will ensure that there is a law which governs the level of pollution to ensure that CO2 is low (Fleming and Measham, 2015). In 2060, the industry will face a step change in demand due to alternative supply and efficient energy use. Integrated energy business scenario in 2060 In 2060, the energy industry in Australia will be based on market-driven CO2 management practices.

The market offer for the energy industry must be able to address issues below. The energy industry will have efficient carbon trading markets and strong CO2 prices. The atmospheric CO2 will be the lower hence sustainable environment. At this instance, the main worry for the national government in Australia is energy security amid pressure from international bodies on the environmental policies (Chu and Majumdar, 2012). The high taxes on the less fuel-efficient cars will have encouraged the purchase of fuel-efficient cars. Australia will be having strict laws on CO2 emissions leading to aggressive emissions standards.

The government from the importing countries are expected to have invested in energy-efficient plants.

References

Armaroli, N. and Balzani, V., 2007. The future of energy supply: challenges and opportunities. Angewandte Chemie International Edition, 46(1‐2), pp.52-66.

Azad, A.K., Khan, M.M.K., Ahasan, T. and Ahmed, S.F., 2014. Energy scenario: production, consumption and prospect of renewable energy in Australia. Journal of Power and Energy Engineering, 2(04), p.19.

BREE, 2014, Australian Energy Projections to 2049-50, BREE, Canberra, Retrieved 17th April 2016 from, http://www.industry.gov.au/Office-of-the-Chief Economist/Publications/Documents/aep/aep-2014-v2.pdf

Caspeta, L., Buijs, N.A. and Nielsen, J., 2013. The role of biofuels in the future energy supply. Energy & Environmental Science, 6(4), pp.1077-1082.

Chu, S. and Majumdar, A., 2012. Opportunities and challenges for a sustainable energy future. nature, 488(7411), pp.294-303.

Climate change authority, 2016, Appendix D Progress towards Australia’s emissions reduction targets, Australian Government, Retrieved 17th April 2016 from, http://www.climatechangeauthority.gov.au/appendix-d-progress-towards australia%E2%80%99s-emissions-reduction-targets

Demirbas, A., 2009. Biofuels securing the planet’s future energy needs. Energy Conversion and Management, 50(9), pp.2239-2249.

Effendi, P. and Courvisanos, J., 2012. Political aspects of innovation: Examining renewable energy in Australia. Renewable Energy, 38(1), pp.245-252.

Fischer, G. and Schrattenholzer, L., 2001. Global bioenergy potentials through 2050. Biomass and bioenergy, 20(3), pp.151-159.

Fleming, D.A. and Measham, T.G., 2015. Local economic impacts of an unconventional energy boom: the coal seam gas industry in Australia. Australian Journal of Agricultural and Resource Economics, 59(1), pp.78-94.

Lewis, J.I. and Wiser, R.H., 2007. Fostering a renewable energy technology industry: An international comparison of wind industry policy support mechanisms. Energy policy, 35(3), pp.1844-1857.

Longwell, H.J., 2002. The future of the oil and gas industry: past approaches, new challenges. World Energy, 5(3), pp.100-104.

Martin, N.J. and Rice, J.L., 2012. Developing renewable energy supply in Queensland, Australia: A study of the barriers, targets, policies and actions. Renewable Energy, 44, pp.119-127.

Nelson, T., Nelson, J., Ariyaratnam, J. and Camroux, S., 2013. An analysis of Australia's large scale renewable energy target: Restoring market confidence. Energy Policy, 62, pp.386- 400.

Download full paperFile format: .doc, available for editing
Contact Us