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Green Economy for XYZ Ltd or the XXX Sector - Case Study Example

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According to this paper, global warming effects have increased the need for the businesses both small and large to start programs of utilizing the available renewable energy sources. There will be analyzing the benefits of taking up the initiative of implementing the policy of using green energy…
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Green Economy for XYZ Ltd or the XXX Sector
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Download file to see previous pages One of the major breakthroughs of the initiative will be making the world a better place to reside in as fuels are cited as major contributors to world pollution. Introduction In the current days, there has been an increased change in environmental conditions. This has resulted in global warming which is a condition that has earned global concern all over the world. Global warming has mainly been associated with increased release of carbon dioxide and other gases in the environment. The highest contributor to the gas release is petroleum and its products. This has called for an urgent review on the alternative methods that can be used to get alternative sources of energy to supplement the use of petroleum. The non-governmental organization has started campaigns to sensitize people on dangers that the world faces in case it does not change to other renewable sources of energy such as sun, wind, water and geothermal energies. Nevertheless, this has faced a great setback as the major releaser of these gases such as china and united states have failed to contribute to various protocols that have been formed such as Kyoto protocol to come up with a more sustainable environment-friendly energy source. Energy contributes above 60% of the business cost of production therefore; this issue will be of high concern to the businesses.
One of the reasons behind this shift is that petroleum and its products are the greatest polluters of the environment.
In the current days, the world has experienced an increased release of green gas in the atmosphere which has had an effect on the world overall temperatures. One of the most affected areas is the arctic regions where an increase in the temperature levels is changing the ecosystem of the areas through the melting of the ice. This has caused distress to animals living in these areas and even some of them succumbing to the temperature changes. Also, the overall world temperatures levels have increased. This has led to increased desertification in various parts of the world. The sea levels have also changed. The sea levels have gone up leading to changes in aqua-system. The move by businesses to use environmental-friendly measures would prevent these conditions from aggravating further (Bleischwitz & Hennicke) Green energy is cost savings. In the current days, the petroleum prices have seen an increasing trend in prices which is bringing a difference in the cost of production. As a result, the prices of commodities have increased tremendously. This has had an impact on the total revenues of the commodity as the consumers’ consumption has changed leading to lowering the revenues of the company. Environmental friendly energy sources are less costly e.g. solar energy and wind energy as they are offered free by nature. This gives an opportunity for the business to operate at a lower cost and make profits. ...Download file to see next pagesRead More
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