Climate Change and Business ManagementEssay Preview: Climate Change and Business ManagementReport this essayThe 21st Century is witnessing dramatic climatic changes and impacts upon society and business. In addition, the world is losing its biodiversity at an alarming rate and global pollution is presenting increasing threats to human health. The consequence for the modern business organization is that the profit maximization focus is becoming challenged by a need to balance this aspiration with the need to remain as a legitimate business in the eyes of the public. In terms of businesses, enterprises must seal their ultimate goal – maximizing profit – with environmental protection because “consumers concern about global climate change within the context of sustainable consumption” (Newman et al. 2012, p. 511). The structures of supply chains, specifically, are believably one of the most vulnerable elements to environmental changes that managers must be aware of and deeply analyzing. Traditional thoughts from the predecessors are usually employed to solve all managerial problems. Such remedies, however, must be further examined to suitable applied in this currently material world.
The climate change will transform the value chains in various perspectives. Firstly, manufacturing plants will not depend on one stand-alone energy anymore but a system of low-carbon energies will take place which means that the way of using and distributing energy will be totally different. As reported by IPCC (2014, p. 10), natural energies consisted of over 12.9% of the total amount of energies generated in 2008 and this figure has been continuingly increasing since then, which means that a whole new chain of energy producing and distributing will be gradually established. Secondly, companies nowadays have re-evaluated the relationships with their major producers because most business activities are now relatively vulnerable to climatic change. Australias farming, for example, is highly sensitive to such change which also believably increases the degree of mental pressures (West and Brereton 2013, pp. 14-15) and when Haiyan – the typhoon – appeared, a serious storages was happening globally, US was a typical illustration where 6% of all US production depends on the Philippines (Levermann, 2014). Consequently, a rising number of manufactures are looking for a closer place to distribute their products rather than wasting fuels for transporting final goods to the point of consuming and instead of using merely raw materials; they are now finding ways to reuse their
lunative energies.
As expected, when the new power line is built in the coming years, many of the energy produced locally will be converted into commercial goods. Indeed, a further change is being contemplated from a solar energy source (Solar China 2015: 4). The new generation of solar power has many advantages, mostly for efficiency and for efficient use of energy for growing crop crops (Levermann and Lang, 2002). The new generation of solar energy is also good for the energy system of the soil which is a major contributor to the productivity of soil, which is important for maintaining soil fertility, and also improves soil health. It is important that the generation of new nuclear power is completed in the next few years to ensure that, through the development of new plants and power plants with better capacity, the existing nuclear power plants will be able to reach the maximum capacity. As reported by UNUN (2012, p. 23) this is clearly a strong step forward, and the development of new nuclear power will greatly boost the quality of soil, which is a primary component of the future growth of the tropical tropical and subtropical oceans.
Accordingly, the new generation of nuclear power is now being considered. In light of its advantages and the potential of its technology compared to the power generation technology developed today, it should be decided that it is time for the nuclear power sector to make major changes which will strengthen the climate as well as the ecosystem which is already undergoing significant adaptation for some years to a warming world. Besides, it now seems that these transformations can now be completed much sooner than previously anticipated (Eastman and Deakin, 2005, p. 24). Moreover, it is very important that the power sector get up to speed on the technology which would result in the transition to nuclear that would be most effective and cost minimised and it is very likely that the development of new nuclear power will enable the production of more and more renewables and decrease the overall cost of building and operating nuclear power plants (Diaz and Pajun, 2004). In short, nuclear power should become a real challenge to existing power plants which have been operating on current prices for a while and which is not possible because the market for plants has not yet been able to adapt adequately to the future temperatures. The new generation of nuclear power also makes up less than 200% of fossil fuels but is still an important source of renewable energy. The fact that nuclear energy has also found its way into the energy supply is a good sign for its prospects.
However, this does not mean nuclear power will not become a viable option in times of major change. As reported by the Chinese Academy of Sciences (2015, p. 20), solar energy could be used to power nuclear power plant over-polar power stations. As indicated by Chinese Academy of Sciences (2015, p. 20), wind, hydroelectric power, and hydrocarbons could be used to deliver nuclear energy to the grid over-polar power stations. The future development of nuclear power will help us to move closer to its full potential of being the third generation of nuclear power after conventional power and natural gas.
References 1. http://www.researchgate.net/Crossref/nclimate113037.html 2. See www.pioneerenergy.org/news/article.asp?ArticleID=2033 3. http://www.pioneerenergy.org/news/article.asp?ArticleID=1925 4. G. J. J. Oberg’s The Biggest Change