The United Nations Conference on Sustainable Development taken place in Rio de Janeiro in June 2012 led to a proposal of 17 goals and its 169 targets. The proposal covered a range of global issues that need to be dealt with by 2030. The 7th goal emphasizing on closing the energy gap and ensure that sustainable, safe and modern energy services are accessible globally. It also aims to double the energy efficiency without having to compromise the increase in the share of renewable energy in the…
CSR SWOT Analysis After a thorough examination into BP’s numerous strategies, further analysis into the company’s strengths, weaknesses, opportunities, and threats (SWOT) provides an overall performance level regarding the outcomes of their CSR and sustainability goals. Drag and Zimnol (2014) stipulated a SWOT analysis can provide structure to the internal and external factors affecting the company’s current and future outlooks. Additionally, a SWOT analysis can generate context regarding the…
Not only are the trains coal powered, they also create traffic in peak times and indirectly cause extra greenhouse gas emissions through stopped vehicles. New ideas have come about in order to avoid the trains passing as often as they do now. “OmniTRAX, a Denver-based company that manages Great Western Railway, is working…
World population is growing faster than ever, and as all civilizations, it is needed energy to power their development. Nowadays, we count with powerful sources of energy, fossil-based fuels, which have been highly effective but pollutant since they were discovered. Moreover, alternative energy sources such wind and solar have appeared to complement fossil- based fuels in order to cover our demanding economies’ energy needs and lessen their impact in the environment. However, there is still an…
A rentier state can be defined as a state that “derive[s] most or a substantial part of [its] revenues from the outside world and the functioning of [its] political system depend[s] to a large degree on accruing external revenues that can be classified as rents” (Schwarz 604). Rentier states are heavily concentrated in Latin America, the Middle East, and Sub-Saharan Africa. The similarities of the rentier economies in these three regions vastly outweigh the differences as they are all plagued…
moreover, they exceeded their budget by 90 percent and wasted more than 8.2 billion dollars. On the other hand, “Renewable energy is dependent on technology as a means for making it accessible… makes it extremely expensive and is attached to very high costs” (Editor). In comparison, nuclear energy does not depend on technology as much, enabling it to be the cheaper…
Nigeria has one of the lowest electricity generation per capita rate in the world resulting 6 in shortage of power supply and heavy dependence on fossil fuels (79 % of total). At present, 7 only 10% of rural households and 50% of the country’s total population have access to national 8 power grid electricity. Separate researches conducted by Energy Commission of Nigeria and 9 Global Energy Network Institute (GENI) have concluded that 100% stable power supply from 10 renewable energy is possible…
The crude oil price which usually fluctuates from time to time has brought mix fortunes to Nigeria since oil discovery in early 1970. For instance, during the periods of crude oil boom in the international market, Nigerian government makes lots of money from the crude oil sales, the Country’s currency (Naira) appreciates in value, Nigerians consumption pattern changes in favor of already made imported goods, etch. However, during the era of crude oil glut, which subsequently affect crude oil…
price, reduce output and let the price rise rapidly. This implies that the cartel raises the present value of the competitive fringe by a greater value than the present value of cartels. This empowers those without power, as in order to keep the price high the cartel must reduce production whereas the unconstrained…
Introduction As our environment and economy continues to face many challenges, replacing fossil fuels with alternative energy resources, not only helps to create a cleaner environment, it also helps reduce the bills. However, not everyone is aware of these issues. It’s time we realize that there is only a matter of time before we have globally consumed all available fossil fuels. We have reached a point in time where we must look into alternative resources preferably renewable ones.…