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What kind of decision-making should multinationals engage in to create a sustainable company? There is substantial debate over why CEOs, senior management and Boards of Directors make the wrong decisions by not asking the right questions, with the result that not only is the company itself damaged, but all of the stakeholders find themselves at a detriment. Focusing on innovation, technology transfer and the use of intangible assets, Energy Law and the Sustainable Company features case studies from the oil and gas sector, to illustrate how to develop a sustainable business. Considering corporate social responsibility from the perspective of international and national law, the book demonstrates how companies can be both profitable and ethical using the influences of psychology to encourage senior decision makers to make the right decisions. It was revealed that reputation was the main principle influencing decision-making. The book also discusses how companies have reported on their sustainability strategy and considers how technology transfer and intangible assets may play a part in addressing global sustainability. This book should be invaluable reading to students and scholars of Sustainable Business, Business Law, Corporate Social Responsibility, Environmental and Energy Law as well as Environmental and Energy Management.
This book considers the decision-making of multinational corporations aiming to create a sustainable company. Focusing on innovation, technology transfer and the use of intangible assets, the book demonstrates how companies can be both profitable and ethical using the triple bottom line.
The UN Sustainable Development Goals are an ambitious agenda for environmental sustainability, economic development, and social transformation. The SDGs include targets for governments, in partnership with private industry and communities, to improve access to affordable and reliable energy, reduce inequality, protect natural resources, and invest in transparent legal institutions and resilient infrastructure. Although transitioning energy systems towards a low-carbon future is a core aspect of the SDGs, the International Energy Agency anticipates that oil and gas will remain a significant component of the global energy mix for some time. Host Government Instruments are tools which governments use to grant oil and gas companies permission to develop state-owned resources. In addition to bringing substantial resources into governments, these HGIs often also include environmental commitments as well as commitments to local hiring, stakeholder engagement, and investment in economic development programmes. The different structures of HGIs and their precise terms and conditions are crucial determinants of the sustainability of oil and gas operations conducted thereunder. This book addresses how governments can use HGIs to advance the SDGs. Part I introduces the SDGs and the legal institutions and governance related to HGIs, including in relation to international energy development, international environmental treaties, the Paris Agreement, and human rights regimes. Part II examines specific provisions within HGIs and regulatory systems which relate to the oil and gas sector and SDGs. It provides case studies to illustrate approaches to HGIs and to identify opportunities for host governments and international oil and gas companies to advance the SDGs. The book concludes with a summary of recommendations regarding how host governments, in partnership with the oil and gas industry, can use HGIs to advance economic development and sustainability goals, and advances potential insights towards development of new and renewable resources.
This comprehensive volume of the Elgar Encyclopedia of Environmental Law provides an overview of the major elements of energy law from a global perspective. Based on an in-depth analysis of the energy chain, it offers insight into the impacts of climate change and environmental issues on energy law and the energy sector. This timely reference work highlights the need for modern energy law to consider environmental impacts and promote the use of clean energy sources, whilst also safeguarding a reliable and affordable energy supply.
Energy has recently emerged at the forefront of sustainable development. The United Nations Development Programmefs World Energy Assessment (2000) linked energy and most of the ills of modern society in both developed and developing countries. The World Summit on Sustainable Development selected energy as one of its five major agenda issues, devising a Plan of Implementation emphasising the role of energy in eradicating poverty. That same plan calls for the establishment of policy and regulatory frameworks to promote the development and dissemination of alternative energy technologies. This ground-breaking publication should serve as an invaluable tool to facilitate the understanding of the relationship between energy law and sustainable development.
Sustainable Energy Democracy and the Law offers a legal account of the concept of sustainable energy democracy. The book explains what the concept means in a legal context and how it can be translated into concrete legal instruments.
The research focus for the IUCN Academy of Environmental Law in 2003 was a timely and challenging one, entitled 'The Law of Energy for Sustainable Development'. As contemporary world politics demonstrates, energy resources and generation are crucial issues facing the international community. As research on energy law, at the international, regional, and national level is in its infancy, the insights provided by the contributors to this 2005 volume are a significant addition to the field.
The number of severe and sometimes catastrophic disruptive events has been rapidly increasing. Extreme weather events including floods, wildfires, hurricanes, and other natural disasters have become both more frequent and more severe, whilst events such as the COVID-19 pandemic represent a global threat to public health with huge economic effects that recovery packages tried to address. These disruptive events, alone and in combination, have dramatic consequences on nature, human life, and the economy, calling for urgent action to mitigate their causes and adapt to their impacts. In response to discourses of collapsology and end-of-growth theories, this monograph offers an analytical approach to developing legal responses that can help ensure the needs of present and future generations can be met through energy systems, infrastructure development, and natural resources management in these times of disruption. 'Resilience' is, therefore, seen as a common framework for the interpretation and development of energy, infrastructure, and natural resources law. With a mix of thematic chapters and case studies from multiple jurisdictions, Resilience in Energy, Infrastructure, and Natural Resources Law maps and assesses legal responses to disruptive nature-based events, and examines possible legal pathways for more sustainable outcomes, based on its engagement with this concept of 'resilience' and social-ecological thinking.
This book expands on law-related research by examining the legal aspects of sustainability with a focus on the impact on business strategies. It recognizes that firms must adopt an integrated approach to law and sustainability, considering multiple disciplines and goals, and serve as a forum for bringing together scholarship from fields such as environmental law, energy, government regulation and intellectual property. Firms increasingly have an interest in transitioning to sustainable business practices that take into consideration the fact that global resources are finite and will be increasingly scarce. They acknowledge that current actions have social, economic and environmental consequences and employ options to ensure that future generations have the same options and benefits. Examples of sustainable practices increasingly employed by firms include the institutionalization of “whole life-cycle” analysis in marketing and product design, utilization of sustainable inputs and energy sources, tracking and reporting sustainability performance, attempting the valuation of future generation prosperity and happiness as a discounting mechanism, and integrating sustainability into firm culture and management goals. It is clear that law and regulation have an extremely important role to play in the transition to more sustainable business practices. Broadly stated, law can provide structure for firms responding to forces that pull transition by enabling sustainability leadership and competitive advantage through funding models, intellectual property rights and collaboration means. Additionally, law can work to push transition by compelling firms to act through regulatory structures, accounting and governance mechanisms.
Half the worlds new electric generating capacity added each year from 2008 onwards has been renewable, mainly now in developing countries. So is the quarter-trillion dollars a year of private investment in modern renewable energy. Organizations like REN21 and Bloomberg New Energy Finance track exciting and accelerating recent progress. But to understand how these renewable energy efforts in major developing countries have been structured and are evolving requires a guidebook with a legal and institutional perspective. Energy veteran Richard Ottinger and his Pace Law School graduate students from many key countries have now provided that guideclearly written, well-organized, and a great public service. Amory B. Lovins, Rocky Mountain Institute, US Richard Ottinger, a pioneer in the development of national policy to promote renewable energy in the US, and his Pace Law School research assistants have created a unique piece of work on the legal and policy issues behind the global growth of renewable energy. Their book is indispensable as a text for law professors and students and as the definitive reference for lawyers and policymakers about developing and emerging country policies driving renewable energy use around the world. The fact that most of the research assistants are natives of the countries on which they researched and wrote their respective chapters gives the book uniquely credible insights into the legal and policy challenges faced by these countries, providing valuable lessons for others wanting to build renewable energy capacity in their own countries. Robert Noun, Former Executive Director of Public Affairs, National Renewable Energy Laboratory and Adjunct Professor, University of Denver Sturm College of Law, US This book is unique in the literature on renewable energy law and policy. Firstly, it focuses on developing countries which means it fills the gap in international literature currently lacking on law and policy on renewable energy in developing countries. Secondly, it applies a basic uniform analysis method to each of the case studies. This makes the results of the case studies considerably comparable. Finally, based on the introduction to the related laws, policies and projects of the target countries, the author summarizes their experience and lessons. It is these summaries that reflect the purpose and value of this book. Wang Xi, Shanghai Jiao Tong University, Shanghai, China This is a unique book written by one of the leading scholars in the field. It uses detailed case studies to analyze the successes, failures and challenges of renewable energy initiatives in developing and emerging countries. Incorporating the insights and perspectives of researchers who come from the respective countries covered, the study compares some of the most exciting success stories, including: Chinas meteoric rise from near zero use of renewable energy to being the world leader in solar thermal, solar photovoltaic and wind energy; Brazils success in becoming the worlds top ethanol producer and exporter; and Indias pioneering use of a hedge plant to produce biodiesel and its use of animal and human wastes for rural electrification. The book also describes Indonesias disastrous palm oil program which cut down its forests and excavated its peat bogs. It concludes that good leadership is the largest factor in success, but that it is also critical to include public participation, training, transparency, environmental consideration, fair labor practices, protection against exploitation and enforcement. This book is designed to be helpful to other countries seeking to initiate renewable energy programs. It will appeal to local administrators and policymakers, field personnel from UN agencies and NGOs, and renewable energy funders, as well as to academic researchers.