Managing Energy Resources and Regulation

Added on - 29 Apr 2020

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RUNNING HEAD: MANAGING ENERGY RESOURCES AND REGULATIONS1MANAGING ENERGY RESOURCES AND REGULATIONSUBITTED BY:ROLL NO.:NAME OF THE INSITUTION:Contents
MANAGING ENERGY RESOURCES REGULATION2Overview..........................................................................................................................................3Stakeholder analysis in UK.............................................................................................................4Factors affecting energy resources availability and management...................................................5Impact on the rising energy demand................................................................................................7Allocation of resources................................................................................................................8Technological advancement.........................................................................................................8Socioeconomic impact.................................................................................................................9Barriers in achieving the INDC stated by the COP21 targets.........................................................9Conclusion.....................................................................................................................................10References......................................................................................................................................10OverviewOECD is an international forum where the government of different nation work together to seeksolution to a common problem. This in return helps in improving the social and economic well-
MANAGING ENERGY RESOURCES REGULATION3being. The global organization measures the productivity and the global flow in trade andcommerce helping in investment. They predict the data in advance in order to manage theinvestments. The international standards are set by OECD to manage the wide range of thingsincluding agriculture, taxation policies and safety of chemicals. There is a large impact of OECDon the individual’s life related to pay, social security etc (OECD, O.E.C.D., 2004). They drawconclusion depending upon the recommended policies designed in order to improve people’slife. The purpose is to draw common thread of work in order to share commitment regardingmarket economies backed with the democratic institutions. The Organization uses its wealth inorder to manage the broad range of topics to help governments in dealing with the issues likepoverty by developing economic constancy. They are constantly propagating environmentalinsinuation of economic and social growth. This helps in managing the economic and socialdevelopment hence creating effective growth. The work of OECD is based on continuedmonitoring of the tasks by projecting short term and long term plan. The information collectedand analysed in order to deal with the policies regarding the government recommendations. Thereport examines role played by UK in gaining economic and social productivity in order to gaincompetency. More specifically, the high level analysis focus on the trends and targets whileAllocation of resources, Technological advancement and socioeconomic impact (Ananiadou andClaro, 2009).Stakeholder analysis in UKIn UK, pace of economic growth has been stable and GDP is about 9% above the peak justbefore the global crisis. The economic effects of the planned exit from the European Union inMarch 2019 (Brexit) have reduced the growth to the lowest annualized rate in the G7 in the firsthalf of 2017. The central objective of regulatory policy is to ensure that regulations are designed
MANAGING ENERGY RESOURCES REGULATION4and implemented in the public interest. This is only possible to be achieved through theconcerned regulations – the “stakeholders”. It includes citizens, businesses (both foreign anddomestic, importers and exporters, potential investors, trade unions, civil society organization,public sector organizations, etc. This allow in managing the policymaking process anddeveloping the rules and regulations, as defined by the OECD (Organisation for Economic Co-operation and Development (Paris), 2008). The Open and inclusive policy making is promotedby the OECD is an important part of governance that builds up policy-making processes tostakeholders further than the public administration to enhanced design policy by managing thebase of evidence . The public administration is not embrace by the monopoly valuable formanaging the information and to express needs and expertise. This emphasis the receptiveness ofpolicies and services in an effective way by involving policies in order to manage the inclusiveapproach by managing the relevant factors attention to marginalized, deprived or less influentialgroups. This can take place in different degrees and different modalities, from provided that insequence to active engagement in the design, accomplishment and assessment stage of a policy.The aim is to modernize public administrations in order to be well-organized, valuable andreceptive in delivering public policies and services (Ball, 2014). This is to embrace publicgovernance by altering the expertise model. An effective stakeholder engagement action helpsgovernments to plan and act strategically. Sufficient time for stakeholder engagement activitiesmust be planned beforehand. An insufficient amount of time may result in rushed consultationsthat only tick the box and fulfill the obligation without any actual impact on the quality ofregulations. Careful planning largely depends upon the stakeholder’s engagement in the processof identifying different stages of the project while allowing government authority to choose the
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