Читать курсовая по экологии: "Climate change adaptation strategies for international energy companies" Страница 15

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· The company’s profile;

· Research on sustainability and energy transition policies & reports: main projects and initiatives of the company in renewables;

· Other environmentally-friendly initiatives (for instance, refusing to launch new coal power generation projects);

· Critics from environmental NGOs and activists.

The latter included the analyses of CO2 emissions dynamics and investments in renewable energies by each company according to the companies’ financial reports.three cases educed that French energy companies have environmental projects aimed at renewable energies. They also welcomed the Paris Agreement and made own commitments to combat climate change. At the same time, the share of renewables in total companies activities might achieve 5% as a maximum from their core business (oil, gas, nuclear energy). Furthermore, an inconsistent approach in environmental and climate change strategies of the companies was revealed which was proved by critics from environmental NGOs, ecologists, experts and activists., the last chapter of the research concluded that current reactions of energy companies are motivated by climate change risks mitigations. Thus, it was devoted to the major impediments for the deep transformation of energy sector companies and suggested the adaptation strategy which would minimize the organizations’ critics and allowed to transform the businesses to new realities. Thus, the main barriers for adaptation were divided into:

· Costs which are required for adaptation;

· Commitments which means that energy companies nowadays possess insufficient "green" energies power generation capabilities to fulfil the existing commitments;

· Business-as-usual model caused by perceiving climate change as a risk, usually long-term one.

The solution to these impediments is presented in the second subchapter which summarizes the climate change adaptation strategy for energy sector companies. This strategy is based on increasing investments into renewable energies and their integration to current activities with a consistent approach. The main benefits of the renewable energy investments were analyzed and the forecast in future development of the renewables industry was provided. Furthermore, the strategy suggests to change the perceiving of climate change from a range of risks described in the first chapter to the transformation opportunity.summarize the research it is possible to assume that in the nearest future we will observe the deep transformation of global energy industry. The increasing share of solar and wind power, the consequences of the Paris Agreement, the societal growing awareness of climate change problems - these and many other factors will push the energy corporations to change and to transform. These changes might be even unprofitable for companies in short-term period because they require refusals to many CO2-intensive projects and investments in renewable energies development. However, this transformation will allow the companies to survive in the long-run and will probably give us an opportunity to live in a more sustainable world.

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