Environmental policy and energy in the next 30 years Research Paper

Environmental policy and energy in the next 30 years - Research Paper Example The policies that are adopted should be geared towards invention of new energy sources to support those that are being depleted and the production, transportation and usage must ensure environmental sustainability. This paper examines the trend in the production, transportation, and usage of energy in the next thirty years, and secondly, the environmental impact due the forecasted trends. Trends in the Production, Transportation, and Consumption of Energy in the next 30 years Energy policy is the way in which the government or an entity decides to address energy, production, distribution, and consumption. The components of such a policy may include international treaties, legislations, offering incentives to investment, taxation and other public policies (AuthorStream, 2012). Consumption The global energy demands are expected to rise by 30 percent from 2010 to 2040 (ExonMobil, 2013). This calls for diversification of energy sources, seeking reliable and affordable sources of energy. It is only through this mix that energy can promote economic growth and social advancement. The world is changing with improved standards of life; introduction of modern appliances and fuel efficient vehicles coupled with limitations of greenhouse gas emissions defines our energy usage in future (Gigaom, 2013). It is projected that up to the year 2020 fossil fuels will still largely dominate the energy use. Oil demand will increase due to transportation needs and will fill the gap where other energy sources are not available. Usage of gas for process, heating, and power generation where available, will be on the rise. Oil is expected to remain the major source of energy up to 2040, recording a growth of about 25 percent. Natural gas is expected to replace coal as the second largest source of energy by the year 2025. Gas demand is expected to grow by 60 percent by the year 2040 (ExonMobil, 2013). Its growth is expected to surpass any other energy source. This may be influenced by gas being economical, clean, and efficient source of energy. Gas production pollutes less and meets the world’s future energy needs better. Coal, natural gas, and oil will remain to be the major sources of energy and they are estimated to account for 80 percent of energy by the year 2040(ExonMobil, 2013). Nuclear energy use is also expected to grow because of the rising need for electricity and the desire to reduce CO2 emissions. Nuclear energy usage is expected to double between 2010 and 2040. There is also an expectation in the growth of use of solar, wind and bio-fuels energy. These fuels are expected to have a demand five times that of 2010 in 2040. However, in 2040 they will only account for 3-4 percent of the total world energy (ExonMobil, 2013). This is because greater technological advancement is required in order to harness this energy source. This leads to higher costs of production and hence preference is given to other more economical sources (Lahidji et al, 1999). P roduction and Transportation Policies in the next 30 years Fossil fuels as earlier stated are expected to remain the most dominant energy source in the next 30 years. Advanced and more efficient technologies are expected to be developed in the production of fossil fuels in the next 30 years. Coal has normally been criticized for polluting the environment, the next 30 years may see introduction of new

Analyse the steps towards cost leadership within the production Essay

Analyse the steps towards cost leadership within the production relationship of a modern firm. Be specific and offer some examples - Essay Example For other industries, it is possible to attain economies of scale when the increased volume enables the assignment of resources more efficiently. This is particularly true of costs associated with manpower specialisation, where an increase in volume allows for individuals to be assigned specialised tasks, thus streamlining production methods. This results in improving rate of production without increasing the number of workers. Thus, increasing economies of scale occurs when the marginal increase in a factor of production is less than the marginal increase in the corresponding quantity of products produced. Economies of scope is similar to economies of scale because it aims to increase production faster than the attendant increase in costs. The difference lies in the number of products by which to attain this. Economies of scope seeks to reduce per unit total cost by diversifying the products a firm makes and sells. By increasing the number of product lines and extending the use of inputs (manpower and machinery) over the alternative products, the overall cost per unit of each product line is reduced because of the sharing of fixed costs among the product lines. For instance, Dunkin Donuts’ main product line is its number of variously flavoured donuts; somewhere along the line the firm decided to produce Munchkins, the bite-sized versions of the same flavours as the donuts, they tapped a new type of market demand which preferred the smaller versions. From the production aspect, the same machines and manpower were used to make the new product, thus spreading fixed costs over two product lines. Thus, increasing economies of scope occurs when the sum of the marginal increases in the cost of producing one additional unit in all the product lines is less than the increase in the marginal cost of each product line taken