This article Business response to climate change consists of 14 pages and 3272 words. In order to have full access to this article, email us at thedocumentco@hotmail.co.uk

Ref No:700

ABSTRACT

The reduction of oil reservoirs and increase in the climate change due to the emission of toxic gases has resulted in the oil-gas industry’s adaptation towards the sustainable and alternative fuels. The alternative fuels by means of bio-mass energy, bio-fuel, wind and solar panels, hydrogen-CNG, liquid nitrogen, alcohol fuels and ammonia has been proven to be cost efficient and as effective as traditional oil reservoirs. The adaptability of oil-gas industry with respect to their preferred alternative fuel by means of infrastructure and product line will initially be expensive but they will also provide the long term profit and competitive advantage. 

Contents

Introduction. 3

Response of Oil-Gas Industry towards the Climate Change. 4

Potential Business Adaptability for Sustainable Advantage. 6

Biomass Energy. 6

Biofuel 6

Algae-based Fuel 7

Wind Power and Solar Cells. 8

H-CNG.. 9

Liquid nitrogen. 9

Alcohol-Fuels. 9

Ammonia. 10

Conclusion. 10

REFERENCES. 12

Business response to climate change

Introduction

The gradual change in climate has been accounted as an international issue that concerns the business model of the companies that are branded with oil-gas industry. The weather configuration for a specific time changes and persists for certain time duration indicates the climate change and, the change takes place by means of its average properties that prevail for an extended time (Kolk and Levy 2001). The change in the climate occurs due to volcanic-eruptions and biotic procedures whereas, there also exists the contribution of certain human activities that cause gradual change in climate and the procedure is characterized by the global warming.

Business response to climate change: The human activities with respect to the increased industrialization due to technological advancements have increased and the utilization of these technologies has resulted in the continuous emission of certain radiations and gases that has increased the global warming. The industrial activities emit carbon dioxide, methane and CFC gases and their concentration in the atmosphere has been increased. The continuous and increasing utilization of fuel by means of oil and gas is considered to be the main source of global…