Lloyd’s of London Advises Business Clients to Adapt for Peak Oil or Fail

Posted by Trish Riley, June 13, 2010

From Ed Brown: “Investment in renewable energy and ‘intelligent’ infrastructure is booming. This revolution presents huge opportunities for new business partnerships.”

Bullets From the Executive Summary

  • Businesses which prepare for and take advantage of the new energy reality will prosper – failure to do so could be catastrophic
  • Market dynamics and environmental factors mean business can no longer rely on low cost traditional energy sources
  • China and growing Asian economies will play an increasingly important role in global energy security
  • We are heading towards a global oil supply crunch and price spike
  • Energy infrastructure will become increasingly vulnerable as a result of climate change and operations in harsher environments
  • Lack of global regulation on climate change is creating an environment of uncertainty for business, which is damaging investment plans
  • To manage increasing energy costs and carbon exposure businesses must reduce fossil fuel consumption
  • Business must address energy-related risks to supply chains and the increasing vulnerability of ‘just-in-time’ models

The entire report can be read here: http://www.chathamhouse.org.uk/files/16720_0610_froggatt_lahn.pdf

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