Group 1 case 4

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Group 1 case 4

  1. 1. The Deepwater Horizon Disaster:Catalyst for a paradigm shift?<br />Terra Nova consultants<br />Jiajia, Julie, Constanze, Stephen, Moheth<br />
  2. 2.
  3. 3. Considerations<br />The environment can be cleaned but the social cost are irreversible <br />‘Big Oil’ will recover unscathed<br />Economists and government advisors have to work together to using more sustainable policies rather than macroeconomic policies for economic growth. <br />This event will have a positive impact on the changes in policies for climatic change.<br />44% of world carbon emissions are from burning of petroleum products<br />
  4. 4. mainstream economic paradigm<br />The mainstream economic paradigm focuses mainly on profit and economic growth with little consideration for PPP (People, Planet and Profits)<br />High level concentration of powerful players in the oil industry influences policies.<br />
  5. 5. EEE<br />
  6. 6. Deepwater Horizon Disaster not compatible with EEE<br />Service Efficiency<br />Not Applicable<br />Throughput Efficiency<br />Operating beyond safe limits<br />Growth Efficiency<br />Stagnant<br />Ecosystem Efficiency<br />Negative <br />
  7. 7. Is there a Paradigm Shift?<br />New Ideas<br />Investment in R&D<br />New Values<br />Cultural shift<br />New Models<br />Social ecological collaboration<br />
  8. 8. Financial obstacles<br />Oil as an alternative to other more sustainable energy is cheap<br />Technology not readily available or affordable for all<br />Profitability of organisations may be compromised in the short term alternatives<br />Differing opinions within the political system on need and urgency of change in energy industry<br />The way the possibility and practibility of change<br />Sign of maturity to reach shift<br />Willingness is lacking<br />Unofficial sensors – sanitize the science<br />Intellectual obstacles<br />

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