Financial Management Essay

3934 Words Oct 2nd, 2015 16 Pages

nama : Yenny Yuliana
NIm : 2013.01.032

Environmental scanning and
Industry Analysis

The average temperature of the Arctic has risen at twice the rate of the rest of the planet. According to Impacts of a Warming Arctic: Arctic Climate Impact Assessment, a 2004 report by the eight-nation Arctic Council, the melting of the area’s highly reflective snow and sea ice is uncovering darker land and ocean surfaces, further increasing the absorption of the sun’s heat. Reductions in Arctic sea ice will drastically shrink marine habitats for polar bears, ice seals, and some seabirds. The warming of the tundra will likely boost greenhouse gases by releasing long-stored quantities of methane and carbon dioxide.
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The exploitation of Arctic oil and gas is restricted to the few key areas that are most cost-competitive. Nevertheless, the impact of global warming on the Arctic is widespread and serious.

3. Fortress frontier: In this scenario, widespread resource exploitation and increased international tension exist throughout the Arctic. The region is viewed by much of the global community as a storehouse of natural resources that is being jealously guarded by a handful of wealthy circumpolar nations. By 2040, the Arctic is undergoing extreme environmental stress, as global warming continues unabated. Although air and marine transportation routes are open, foreign access has been periodically suspended for political or security reasons. By 2030, the Arctic Council unilaterally took jurisdiction over the two small regions that remained within international jurisdiction. Arctic tourism thrives, since many other traditional destinations are experiencing turmoil and a shortage of necessities.

4. Equitable frontier: In this scenario, the Arctic is integrated with the global economic system by 2040, but international concern for sustainable development has slowed the region’s economic development. Even though the world is working hard to reduce greenhouse gas emissions, the Arctic continues to warm. The Arctic Council

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