Environment as a Competitive Market Force

Transportation industry is a good example for this. Environmental concerns, issues and regulations are impacting the business strategies and investment decisions of major corporations world-wide. For example, while global warming was not given much attention in the early and mid-1990s, companies in the energy and automotive industries are now integrating the issue into their core businesses and long-term strategies. Pressures to reduce local air pollution are also increasing. For example, the US requires the use of reformulated fuels in certain polluted regions, and the Environmental Protection Agency (EPA) has proposed a 97 per cent reduction in the average sulphur content in diesel fuel. These and other environmental issues and tighter standards are driving companies, such as Ford, BP Amoco, Toyota, Honda and Royal Dutch Shell to develop and invest in new low emission, low carbon fuels and technologies. In the automotive equipment market, new technologies include improved catalysts for pollution reduction, and new power systems such as hybrid electric vehicles and fuel cells.

EE programmes reduce consumers' risk in many ways. They are not subject to cost fluctuation once installed. In fact, they can help insulate the consumer from energy price risks. They are less susceptible to the risks of under- and over-bidding than supply options. They are not subject to major simultaneous interruptions. They contribute to overall system reliability by reducing demand in peak periods. Overall, efficiency can contribute to a more reliable supply of power as well as to stable capacities and energy prices.

Renewable Energy 101

Renewable Energy 101

Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable. The usage of renewable energy sources is very important when considering the sustainability of the existing energy usage of the world. While there is currently an abundance of non-renewable energy sources, such as nuclear fuels, these energy sources are depleting. In addition to being a non-renewable supply, the non-renewable energy sources release emissions into the air, which has an adverse effect on the environment.

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