professionalethics management renewanle energy and crisis

dsv

1. Ethics Related To Energy Crisis Renewable Energy And Environmental Degradation. SHRESTH SAMBHARIA PARV GARG ABHINAV JAIN ACHMAN SHUKLA

2. INTRODUCTION TO ENERGY CRISIS An energy crisis is defined as a situation where there is an insufficient or limited supply of energy resources to meet the growing demand. This results in challenges for economic, social, and environmental sustainability. It occurs when the available energy sources are unable to fulfill the needs of a population, industry, or nation. Energy crisis is any essential disruption in an economy’s supply of energy resources .

3. HISTORY OF ENERGY CRISIS -- Energy crises have occurred throughout history due to various factors. Some notable energy crises include: ---------  1970s energy crisis :  Caused by the peaking of oil production in major industrial nations and embargoes from oil-producing states. 2000s energy crisis:  Triggered by a rise in oil prices, global petroleum demand, production stagnation, and the falling value of the US dollar. 2000–2001 California electricity crisis :  Resulted from market manipulation by Enron and failed deregulation, leading to power outages. 2005, 2008 China energy shortages:   China experienced severe energy shortages due to damaged power networks and diesel and coal shortages. 2008 energy crisis in Central Asia :  Caused by abnormally cold temperatures and low water levels affecting hydroelectric power. 2021 global energy crisis:  High energy prices driven by global demand surge after the COVID-19 pandemic.

4. TYPES OF ENERGY crisis Supply-Side Energy Crisis -  Inadequate production or availability of energy resources such as fossil fuels, renewable energy, or electricity. Demand-Side Energy Crisis -  Occurs when the demand for energy exceeds the available supply, t his puts stress on existing resources. Structural Energy Crisis - Related to issues in the infrastructure, distribution, and transmission of energy, this causes inefficiencies in the energy supply chain .

5. Major Causes of Energy Crisis Energy crises are caused by various factors that disrupt the supply and demand of energy resources. The major causes of energy crises include :--- Wars, market manipulation, and industrial actions can lead to localized energy shortages. Excessive energy consumption can strain resources and lead to shortages. Outdated infrastructure can cause disruptions in energy supply. Disruptions at oil refineries or port facilities can restrict fuel supply. Severe weather events or accidents can damage energy infrastructure and disrupt supply. Changes in governments, conflicts, and regime changes can disrupt oil and gas production. Wasteful and inefficient use of fuels can deplete resources and contribute to shortages.

6. By 2003 : An Ethical firm ? By 2003 , British Petroleum had invested $4 billion in alternative energy , implemented operating management systems to reduce safety risks , established a Code of Conduct , created a Director of Business Ethics , developed global ethics seminars and established an Ethics Committee which reported to its Board.

7. ETHICAL IMPLICATION OF RENEWABLE ENERGY TRANSITION 1 . The resources used for energy conservation like lithium battery can cause enviormental degradation that violate the human right in areas where they are extracted. Ehtical sourcing is important. 2. The move away from fossil fuels may take away many jobs in that sector. Ethical consideration suggest to provide employment to unemployed peoples. 3. Projects like wind farms (large scale projects) may disrupt local ecosystems and can displace communities. We should prioritize the rights off affected communities. 4.We should involve some local people in some descision making for increasing public participation .

8. IMPACT OF THE ENERGY CRISIS

9. 1.ECONOMIC IMPACTS : Rising Energy Costs: When supply is restricted or demand increases, energy prices rise. This leads to higher costs for manufacturing, transport, and consumer goods. Inflation: Higher energy costs contribute to inflation, where the cost of goods and services rises across the board. Impact on Industries: Energy-intensive industries like manufacturing, transportation, and agriculture face challenges as their operational costs soar. Energy Poverty: Many low-income households struggle to afford basic energy needs, like heating and electricity, which widens social inequality.

10. 2.Environmental Impacts Increased Emissions: Fossil fuel combustion (coal, oil, and gas) releases CO2 and other greenhouse gases, worsening climate change. Climate Change: More frequent extreme weather events (hurricanes, droughts) are linked to fossil fuel-driven global warming. Resource Depletion: Fossil fuels are finite; over time, they are being depleted, which puts long-term sustainability at risk.

11. 3.Social Impacts: Blackouts: Widespread energy shortages can result in rolling blackouts, affecting hospitals, homes, and essential services. Health Issues: Air pollution from burning fossil fuels increases respiratory diseases and other health problems. Political Instability: Dependence on foreign energy sources can trigger international conflicts, particularly in regions rich in oil or gas. Energy insecurity can lead to political unrest.

12. Solutions to the Energy Crisis RENEWABLE ENERGY: Solar, Wind, Hydropower: These are clean, inexhaustible energy sources that can replace fossil fuels over time. Advantages: No greenhouse gas emissions, reduced air and water pollution, job creation in green industries. Challenges: High upfront investment, energy intermittency (wind and solar power depend on weather conditions).

13. Energy Efficiency Measures Description: Energy-efficient technologies and practices can reduce consumption without sacrificing performance. Examples: LED lighting, energy-efficient appliances, electric vehicles, well-insulated homes. Impact: Decreasing energy consumption helps lower demand, reducing reliance on fossil fuels and saving money in the long term.

14. Nuclear Energy Advantages: Reliable, high-output power that emits very little CO2. Challenges: High cost of building plants, concerns over nuclear accidents (Chernobyl, Fukushima), and long-term disposal of radioactive waste.

15. Carbon Capture and Storage (CCS) Description: CCS technology captures CO2 emissions from power plants or industrial sources and stores them underground. Advantages: Reduces emissions from fossil fuel use, allowing continued use of coal or natural gas with lower environmental impact. Challenges: Expensive, energy-intensive process; does not eliminate reliance on fossil fuels.

16. Government Policies Carbon Pricing: Governments can impose a tax on carbon emissions or set up cap-and-trade systems to incentivize businesses to reduce emissions. Subsidies for Renewables: Governments can provide financial incentives for investing in renewable energy projects. Regulations: Setting emission reduction targets, promoting clean energy development, and phasing out fossil fuel subsidies.

17. Renewable energy Renewable energy is energy derived from natural processes that are continually replenished. These sources include solar, wind, hydroelectric, geothermal, and biomass energy. Renewable energy is a key part of efforts to reduce carbon emissions and mitigate climate change while ensuring long-term, sustainable energy availability.

18. Types Of Renewable Energy Solar energy : Solar energy is radiant light and heat from the Sun that is harnessed using a range of technologies such as solar power to generate electricity . Wind Energy :   Wind energy is form of  renewable energy   that harnesses the kinetic energy of wind to generate electricity without greenhouse gas emissions  Bioenergy : Bioenergy is produced from a variety of organic materials, called biomass, such as wood, charcoal etc Hydroelectric Energy : also called hydroelectric power or hydroelectricity, is a renewable energy resource that harnesses the power of water in motion to generate electricity .

19. Environmental Degradation Environmental degradation  is the deterioration of the  environment through  depletion of resources  such as quality of  air ,  water  and  soil the destruction of  ecosystems ;  habitat destruction ; the  extinction  of  wildlife and  pollution . It is defined as any change or disturbance to environment The environmental degradation process increases the impact of  environmental issues  which leave lasting impacts on the environment

20. Types of Environmental Degradation Land and soil degradation:  Degradation of soil quality from poor  farming practices , excessive use of fertilizers and pesticides, leakage from landfills etc. Water degradation:  Pollution of water from  trash dumped in oceans ,  illegal dumping , disposal of large amounts of industrial waste into nearby rivers or lakes etc. Atmospheric degradation:  This includes  air degradation , particle pollution and the  depletion of the ozone layer .

21. 1) Deforestation : Deforestation is the large-scale removal of forests for purposes such as agriculture, logging, and urban development . Rapid growth in population major causes of deforestation. Apart from that, the use of forest land for agriculture, animal grazing, harvest for fuelwood and logging are some of the other causes of deforestation. 2) Overpopulation : Rapid population growth puts strain on natural resources, which results in the degradation of our environment. 3)Climate Change : Human-induced climate change, primarily driven by greenhouse gas emissions from fossil fuels, results in rising global temperatures, altered weather patterns, rising sea levels, and more frequent natural disasters. This impacts ecosystems, water resources, agriculture, and biodiversity. 4)Overexploitation of Resources : Overexploitation, also called overharvesting, refers to harvesting a renewable resource to the point of diminishing.  Continued overexploitation can lead to the of the vanishing of resource, as it will be unable to replenish. Major Causes of environmental Degradation

22. Ethics Related to Environmental Degradation and renewable energy Ethics related to E nvironmental degradation : They emphasize the ethical responsibilities humans have toward nature, other species, and future generations. Ethics in renewable energy : It involves the moral principles guiding the development, deployment, and use of renewable energy technologies

23. Some Ethics Related to Environmental Degradation and renewable energy : Technological ethics : Promotes the ethical development and deployment of renewable technologies, ensuring that innovations do not pose risks to public health or safety and are transparently managed Accountability : The organizations or the individuals should be accountable for the damaged caused to the environment , if they cause any harm they should take up the necessary steps to mitigate the loss. Moral obligation to future generations : Current actions that degrade the environment ,such as deforestation, pollution etc have impact on future generations. Ethically, we must ensure that future generations inherit a healthy, livable planet. We need to manage resource depletion in order to save them for future generations Equal Access to Energy : Renewable energy ethics emphasize the need for fair and equitable access to clean energy for all, regardless of economic or social status. This includes ensuring that low-income communities, rural areas access sustainable/renewable energy technologies.

24. April 20 , 2010: Spill in the Gulf The Deepwater Horizon explodes in the Gulf of Mexico, Killing 11 workers, and causing a gusher of oil that ranks as the largest off-shore spill in U.S history.

25. Ethical Analysis Critique . Trustworthiness . Responsibility . Caring .Citizenship .Moral Rights Support ** . Ethical Egoism . Relativism . Utilitariansim ** may lead to rationalization of unethical behaviour

26. Ethical Critique : Trustworthiness

27. Ethical Critique:Responsibility ~ Responsibility : Be accountable Fix problem Don’t blame others Apologize Compensate

28. Ethical Critique: Caring ~ Caring (avoid unnecessary harm)

29. Ethical Critique : Citizenship ~ Citizenship (Protect the environment and communities) ~ A clear violation of this core ethical value as BP failed to take appropriate steps before , during , and possibly afterwards.

30. Ethical Critique : Moral Rights ~ Moral Rights (Workers , communities , natural environment versus shareholder’s property rights) BP violated the moral rights of its employees and the greater Gulf coast community (specifically the rights to life , health , and safety) by putting them in danger through an “insufficient consideration of risk’ and “lack of operating discipline.”

31. THANK YOU