Group 1 case 4
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Group 1 case 4

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Group 1 case 4 Group 1 case 4 Presentation Transcript

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