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Sectors
Energy
About this sector
Energy is required every day in different forms and its use lies at the core of modern industrialized society. Global demand for energy is growing steadily, particularly in emerging countries seeking economical development. Nowadays, fossil fuels (coal, oil, gas), nuclear and renewable sources (solar and wind energy, hydropower, biofuels) are the three main types of energy resources.
Impacts
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Habitat loss and alteration from infrastructure development, biofuel cultivation and hydropower production.
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Water consumption for the production of oil and gas, as well as biofuel that can impact local water supplies.
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Greenhouse gas emissions from the burning of fossil fuels and the clearance of forest for biofuel cultivation.
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Pollution from oil spills, nuclear waste and agricultural chemicals used in biofuel production.
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Opportunities/Risks
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Regulatory risk: increasing requirements for redress through legislation such as the EU Liability Directive, and that of countries such as Brazil and the USA that requires impacts to be offset or compensated for.
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License to operate: strong relationships with regulators can result in obtaining agreement to operate in less time.
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Reputation: managing biodiversity can ensure a good reputation among local communities, governments and other stakeholders.
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