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Report on Managing Energy Resources

   

Added on  2020-04-13

14 Pages3397 Words38 Views
Running head: MANAGING ENERGY RESOURCESManaging Energy Resources and RegulationName of the Student:Name of the University:Author’s Note:
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2MANAGING ENERGY RESOURCESExecutive SummaryThis report deals with the major objectives of the INDC associated with COP21. The goalof the Paris agreement focuses on the low carbon emission and keeping the global temperaturebelow 2°C. However, UK government has stated different strategies to fulfill the objectives ofParis agreement. However, supply is a big factor that influences energy management andavailability of the energy resources. On the other hand, availability of the energy is different indifferent geographical regions. However, a major barrier can be executed from the industries likeaviation and agricultural industries, as they need to change their operation management processto meet the objectives of Paris agreement.
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3MANAGING ENERGY RESOURCESTable of ContentsIntroduction......................................................................................................................................4Stakeholder analysis under OECD..................................................................................................4Factors affecting availability and management of the energy resources.........................................6Impact of the factors on rising energy demand...............................................................................7Allocation of the energy resources..................................................................................................8Technological advancement............................................................................................................9Socioeconomic impact.....................................................................................................................9Evaluation of the barriers in achieving INDC, which is stated by COP21 target in UK...............10Conclusion.....................................................................................................................................11References......................................................................................................................................12
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4MANAGING ENERGY RESOURCESIntroductionManaging and regulating the energy resources is crucial for every country to protect thenatural resources. However, in the developing country if energy emission is high it affects theeconomic growth as well as the environmental sustainability. For this reason, it is important forevery country to manage the energy resources in a proper way (Adalet et al. 2017). In the recentyears, energy management is a big challenge for the developing country. OECD includes 35countries one of the most important is UK. The main of OECD is to improve the economic andsocial well being of the individuals in the world. OECD offers a forum where the government ofeach country makes a collaborative work with the stakeholders and share the experience with thepeople regarding the energy management (Busemeyer and Garritzmann 2017). On the otherhand, INDCs or Intended Nationally Determined Contributions refers to a term categorizedunder UNFCC. The purpose of INDCs is to reduce the green house gas and to keep the globalwarming below 2°C. In order to conserve the energy resources, it is important to forecast theclimate change. This study deals with the INDCs policy, stakeholder analysis of UK and factorsaffecting the availability of the energy resources in this country.Stakeholder analysis under OECDOECD includes 35 countries in the worldwide. However, the purpose of OECD is tobring economic and social development in such countries. UK is one of the crucial members ofsuch country. Energy conservation is crucial to bring economic development in a country. UKstakeholder refers to the government of UK, industries of UK and the employees of UK(Benjamin 2017). However, stakeholder analysis is associated with the rules and regulation ofINDCs. The major policy of INDCs is the climatic control by managing the energy sources in a
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