The paper 'The Australian Energy Industry - Climate Change and a Sustainable Business" is a great example of a business case study. The Australian energy industry has been categorized into numerous broad branches that deal with energy production. The energy industry combines both oil and gas companies in order to produce fresh approaches in the evolving and complicated landscapes of Australia (ABARE, 2010). There is the adoption of extensive research in the energy industry which encompasses many energy companies to develop the business strategies in reducing time to first gas and oil which will optimize the operations and provide functional services to development and delivery practices of the energy industries in Australia (ABARE, 2010).
These energy industries have got decades of experiences in the energy sector that leads to the improvement of the Australian economy Climatic changes too are also a factor in consideration to provide enabling business activities to take place in the energy sector in Australia. Due to the development and advancement in technology, climatic changes have been controlled to provide effective and reliable energy products in the Australian market (Diesendorf, 2014).
Climate change has been attributed to the different impacts on energy production in the country. This is because the changes in climate have affected a number of issues in the world. Hence, this essay seeks to establish the relationship between energy production ion Australia and evaluate ways in which climate change affect the production of energy in the energy industry in Australia. Although some experts believe that climate change has no effect on the energy industry, evidence has shown that climate change impacts the energy industry. Climate change and a sustainable business Climatic change refers to any changes that occur in the atmosphere causing a change in weather.
These changes can be natural variability or human-induced hence causing defects in the energy industry. In sustainable business replicates the system used to provide minimal negative results to the local or global environment (Hayman, 2009). The energy sector intends to provide a sustainable environment in Australia where its industries are located. Extreme climatic change always renders the energy industry facing several critical issues including power plant disruption which occurs due to drought and also disruption in the supply of fuels in the event of changes in climate under storms (Hayman, 2009).
Another factor that is caused by the changes in climate is that energy industries may be shut down due to lack of sufficient water that is needed for the cooling of temperatures in the thermoelectric power plants which is a major requirement of the energy industries (Hayman, 2009). The climatic changes that the Australian energy industry is facing can be solved through mitigation, adaptation, transformation or business as usual to proceed.
Since transformation is already taking place, energy industries in Australia should adapt to these climatic conditions so that the supply of energy production cannot extinct (Diesendorf, 2014). The energy industry in Australia has its main interaction with other companies who are in contract for products, government representatives, civil societies and business leaders to initiate and facilitate the energy production in the country and globally (ABARE, 2010). Also, the energy sector works closely with the regulatory body such as the environmental body and the geographical bodies for the update in the climatic weather conditions.
According to the Bureau of Resources and Energy Economics (2012), the entire business fraternity also has ventured into activities with the energy industry to establish a market base for the energy industry products. This industry, therefore, works closely with these bodies equally for the same operational environment without segregation so that they can enhance a better sustainable environment. For good sustainability of business activities in the country, the energy industry should practice equality treatment of its partners so that it can embrace better business processes for energy products in the country and all over the world (Hayman, 2009).
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