Climate Change and the Rising Geopolitics of LNG

2021 ◽  
Author(s):  
Adenike Adejola ◽  
Wumi Iledare
Keyword(s):  
Climate Change ◽  
Business Models ◽  
Risk Mitigation ◽  
Global Market ◽  
Mitigation Strategies ◽  
Market Dynamics ◽  
British Petroleum ◽  
Gas Industry ◽  
Probable Effect ◽  
Gas Market

Abstract In the 21st century, the nexus between climate change and the global gas industry is more resilient. Gas is now preferred to gasoline in mitigating the effects of climate change and key global gas players and new entrants’ race for a higher global market share. To sustain continuous profit on gas investments, sustainable and strategic energy business models are being developed albeit with unintended or intended geopolitical consequences. This paper highlights the probable geopolitical risks, their likely impacts, and regional risk mitigation strategies necessary for sustaining the growth of the global gas market for the next ten years. Using a risk matrix table and data from British Petroleum (BP) full report and outlook, the probable effect of regional gas policies are compared to their impact on current and future global gas market dynamics. Results show that within the next 10 years, Asia, America, and the Middle East will likely pose the greatest risks to market dynamics. Proactive mitigation ideas will, therefore, include removing or reducing thesethreats to Africa's growing gas market.

scholarly journals Investigating the Impact of COVID-19 Disruption on the Decarbonisation Agenda at Airports: Grounded or Ready for Take-Off?

2021 ◽  
Vol 13 (21) ◽  
pp. 12235
Author(s):  
Peter Hemmings ◽  
Michael Mulheron ◽  
Richard J. Murphy ◽  
Matt Prescott
Keyword(s):  
Climate Change ◽  
Climate Change Mitigation ◽  
Business Models ◽  
Resource Constraints ◽  
Mitigation Strategies ◽  
Government Support ◽  
Low Carbon ◽  
Net Zero ◽  
The Impact ◽  
Change Mitigation

COVID-19 has had wide-ranging impacts on organisations with the potential to disrupt efforts to decarbonise their operations. To understand how COVID-19 has affected the climate change mitigation strategies of Airport Operators (AOs), questionnaires and semi-structured interviews with Sustainability Managers were undertaken in late 2020 amidst a period of disruption. While all reported that COVID-19 impacted delivery of interventions and projects to mitigate climate change, the majority stated that it would not impact their long-term climate goals, such as Net Zero by 2050. The most popular climate change mitigation interventions AOs intend to deploy between now and 2030 are on-site renewables and Electric Vehicles and related infrastructure. Engineered carbon removal interventions were considered highly unlikely to be deployed in this timeframe, with potential implications for Net Zero decarbonisation pathways. Despite the severe impacts of COVID-19 on the sector, results indicate that AOs remain committed to decarbonisation, with climate change action remaining the key priority for airports. Given ongoing financial and resource constraints, AOs will need to explore new business models and partnerships and nurture collaborative approaches with other aviation stakeholders to not only maintain progress toward Net Zero but “build back better”. Government support will also be needed to stimulate the development of a sustainable, resilient, low-carbon aviation system.

Roles of Accountants in Climate Change Mitigation, Adaptation, and Resilience

2021 ◽  
pp. 374-386
Author(s):  
Odunayo Magret Olarewaju
Keyword(s):  
Climate Change ◽  
Climate Change Mitigation ◽  
Business Models ◽  
Risk Mitigation ◽  
Low Carbon ◽  
Integrated Reporting ◽  
Climate Change Effects ◽  
Mitigation And Adaptation ◽  
Financial Consequences ◽  
Change Mitigation

Accountants are in a better position to contribute to initiatives that lead to low-carbon business models that promote economic sustainability by defining climate risk and analysing the strategic, organisational, and financial consequences of the risk mitigation and adaptation. Extensive review and assessment of the roles of accountants in climate change mitigation, adaptation, and resilience was done in this chapter. The chapter concluded by recommending inclusion of a climate change fund in integrated reporting of organisations and intensification of climate change awareness such that every organisation will be aware of how proper accounting can be done on climate change effects. Thereafter, strategies to mitigate, adapt, and be resilient towards it will be initiated.

scholarly journals Project Risk Mitigation and Project Execution in the Nigeria Oil And Gas Industry

2021 ◽  
Vol 4 (2) ◽  
pp. 117-125
Author(s):  
Ike Egboga ◽  
Eniola Taiwo
Keyword(s):  
Oil And Gas ◽  
Risk Mitigation ◽  
Rank Order ◽  
Oil And Gas Industry ◽  
Analysis Data ◽  
Mitigation Strategies ◽  
Project Risk ◽  
Gas Industry ◽  
Risk Mitigation Strategies ◽  
Holistic Integration

The focus of this study is to examine the relationship between project risk mitigation and project execution in the Nigeria oil and gas industry. Specifically, the study examines the extent of contribution of project risk mitigation in realising project budget, quality, schedule and scope during execution. In pursuant of these objectives, survey research design was used. 102 questionnaires were administered to the Managing Directors or Chief Operating Officers and project or operations managers of the selected companies. Eighty two questionnaires were validly retrieved and used for data analysis. Data obtained were analysed mean and Spearman’s rank order correlation analysis. The study found that projects risk mitigation was significantly and positively related to project execution in terms of budget, quality, schedule and scope. The study therefore recommends that there should be a holistic integration and constant improvement of project risk mitigation strategies which will help improve the quality of projects executed in the Nigerian oil and gas industry.

Sustainability trends in oil and gas

2019 ◽  
Vol 59 (2) ◽  
pp. 738
Author(s):  
Piers P. Tonge
Keyword(s):  
Climate Change ◽  
Business Models ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Company Strategy ◽  
Net Zero ◽  
Global Investors ◽  
Oil And Gas Companies

This paper addresses multiple examples of sustainability across the oil, gas and energy sectors, and relevance application to APPEA members. The sustainability of oil and gas companies is now a key issue for the financial and investment sectors. Investors’ concerns over environmental, social and governance (ESG) risks and business models that may destroy value are growing, with clear analogues from the coal sector. Companies need to maintain their focus on safety, social licence issues and compliance of human rights. Mainstream global investors are increasing pressure on companies to address the long-term risks associated with climate change, as investors look to reduce the carbon-emissions footprints of their equity portfolios. The oil industry is still largely reactive, and not perceived by investors and society to be a part of the climate change solution. Investor pressure to address climate change is driving change in oil and gas company strategy and sustainability activity. Companies need resilience and credible plans to reduce scope 1, 2 – and in the future scope 3 emissions – and to achieve the net zero objectives of the Paris Agreement. Investor and societal scrutiny on the oil and gas industry is likely to increase with plastics an area of growing focus, with implications for future oil and gas demand.

scholarly journals U.S. Greenhouse Gas Emission Bottlenecks: Prioritization of Targets for Climate Liability

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3932
Author(s):  
Alexis S. Pascaris ◽  
Joshua M. Pearce
Keyword(s):  
Climate Change ◽  
Point Source ◽  
Fossil Fuels ◽  
Greenhouse Gas Emission ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Market Failures ◽  
Inclusive Approach ◽  
Risk Mitigation Strategies ◽  
Carbon Dioxide Co2

Due to market failures that allow uncompensated negative externalities from burning fossil fuels, there has been a growing call for climate change-related litigation targeting polluting companies. To determine the most intensive carbon dioxide (CO2)-emitting facilities in order prioritize liability for climate lawsuits, and risk mitigation strategies for identified companies as well as their insurers and investors, two methods are compared: (1) the conventional point-source method and (2) the proposed bottleneck method, which considers all emissions that a facility enables rather than only what it emits. Results indicate that the top ten CO2 emission bottlenecks in the U.S. are predominantly oil (47%) and natural gas (44%) pipelines. Compared to traditional point-source emissions methods, this study has demonstrated that a comprehensive bottleneck calculation is more effective. By employing an all-inclusive approach to calculating a polluting entity’s CO2 emissions, legal actions may be more accurately focused on major polluters, and these companies may preemptively mitigate their pollution to curb vulnerability to litigation and risk. The bottleneck methodology reveals the discrete link in the chain of the fossil-fuel lifecycle that is responsible for the largest amount of emissions, enabling informed climate change mitigation and risk management efforts.

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