RSM100Y1 Lecture Notes - Lecture 5: Industrial Revolution, Sport Utility Vehicle, Exponential Growth
Document Summary
Principal factors have been (cid:883)(cid:524) rising populations (cid:884)(cid:524) growing energy use per capita. Gdp increase higher disposable income more energy consumption. China and )ndia (cid:523)the two most populous countries(cid:524) = fastest growing economies. Solar and wind energy only satisfy a fraction of today"s consumption demand. But, the government expansionary fiscal policy during serious economic recessions as public investment in the alternative energy source could change that. The businesses that will be hit the hardest by climate change: oil and gas companies. --hit hard by hurricanes (cid:523)oil extraction site on sea(cid:524) --the most extraction sites and refineries are located in storm path: airline. --higher fuel costs, less affordable for travellers: tourism. Industries that will benefit from climate change: )nsurance & financial services. --mounting claims from storms, rising sea levels & real estate damage, agricultural crop failures: agriculture business: --lack of precipitation, lost of agriculture land in costal areas and even deserts. Special case study on the auto industry: (cid:883).
