Essays on Climate Change and the Energy Industry in Australia Case Study

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The paper "Climate Change and the Energy Industry in Australia" is a great example of a business case study.   Climate change mainly involves the alterations in the climate due to the concentration of the high amount of greenhouse gases. The concentration of greenhouse gases is as a result of the high amount of carbon dioxide that is released in the atmosphere by human activities. It causes the absorption of heat from the sun and prevents the escape of heat to the atmosphere. Climate change is taking place at a fast rate and hence affecting different industries across the globe.

In Australia, the effects of climate change are evident in the energy industry. This has also raised the issues of sustainability when it comes to the industry. A sustainable business ensures that the operations of the company are friendly to the environment. Sustainability also plays an important role in ensuring that the resources are well utilized in order to ensure that future generations can also benefit from the resources. In Australia, both renewable and non-renewable energy is usually used (GeoScience Australia, 2012). The use of non-renewable energy has some negative impacts on sustainability and environmental protection.

A sustainable business usually participates in activities that are environmentally friendly and hence impacting positively on the reduction of greenhouse gases which is responsible for climate change. On the other hand, it is also important to note that climate change has no boundaries and the activities taking place in different parts of the world may have negative impacts on the entire globe. The paper critically discusses the issues of climate change and sustainability in relation to the energy industry in Australia. Overview of the Industry The energy industry in Australia is vibrant and has a high amount of energy resources that are aimed at supporting its growing economy.

The energy sector in the country mainly utilizes coal, natural gas and oil. The country is also exploiting other means of producing energy like solar, geothermal and hydropower. Australia is the largest exporter of coal in the world. The coal is mainly used for the purpose of energy generation. The country also has oil reserves although the oil production in the country has been on the decline which has impacted negatively on sustainability. The country also has the largest natural gas reserves in the Asia-pacific region.

Liquid natural gas is also produced in Australia and this form of energy is increasingly becoming popular in other parts of the world. Australia also produces large amounts of uranium used for nuclear energy but the country does not have any nuclear power plant for energy production. The hydroelectric power generation accounts for about 6.5% of the total energy generation with coal amounting to about 77% (Bureau of Resources and Energy Economics, 2012).

Wind power which is a renewable source of energy accounts for 2% of the total energy produced. Solar energy, on the other hand, accounts for only 1% of the total energy produced. Biodiesel fuels are also used generated in Australia for the purposes of use in combustion engine vehicles. The government is, however, exploring other forms of energy generation for the purpose of ensuring sustainability.

References

List of References

GeoScience Australia, 2010, Australian Energy Resources Assessment, Chapter 10. Retrieved on 2 July 2014 from, .

Bureau of Resources and Energy Economics, 2012, Energy in Australia 2012. BREE: Canberra, Retrieved on 2 July 2014 from, .

Diesendorf, M, 2014, Sustainable Energy solutions for climate change, NewSouth Publishing: Sydney, NSW.

International Energy Agency, 2012, Key World Energy Statistics 2012, OECD: Paris

Garnaut Report, Retrieved on 2 July 2014 from, < www.garnautreview.org.au>.

Measham, T, 2013, Local economic impacts of an unconventional energy boom: the coal seam gas industry in Australia, Report to the Gas Industry Social and Environmental Research Alliance (GISERA).

Wegener, M, 2013, The challenge of renewable energy policy in Australia: Insights from Australian sugar industry experience, In 2013 Conference (57th), February 5-8, 2013, Sydney, Australia (No. 152189). Australian Agricultural and Resource Economics Society.

Settle, D, 2011, Australia: approaching an energy crossroads, Energy Policy, 39(11), 6804-6813.

Zahedi, G, 2013, A review of geothermal energy resources in Australia: Current status and prospects, Renewable and Sustainable Energy Reviews, 21, 29-34.

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