European Business and Policy Environment Essay Example | Topics and Well Written Essays - 2250 words

European Business and Policy Environment - Essay Example Bitter lessons learnt from two world wars have forged strong bonds between nations like England, France, Spain, Portugal, Germany and Italy who not very long while ago had dangerous political, military and economic rivalries. Total dependence on technological features at the cost of well established traditional practices have however proved to be the bane of modern Europe. Excessive freedom and individual rights have eroded familial and social values, and their effects are felt in increasing number of disharmony and relationship breakdowns in marriages and personal lives. Europe's commitment to environmental issues, however, is laudable and her persistent efforts to address this issue not only in continental forums but also at international levels are bound to have salutary effects not only environmentally but also on world economy. Improved environment will also positively contribute to health issues and productivity. (EU sees green future for business) Environment issues and pollution are intrinsically linked to efficiency in the power sector, natural resources and waste management. These necessitate regulatory and monitoring bodies with wide ranging powers to coordinate, check, frame and update policies, provide guidelines, maintain tight leash to curb deviations, and penalize non-compliance. (EU Business) Europe's dependence on fossil fuel also figures on environmen... (EU Business) Europe's dependence on fossil fuel also figures on environmental problems making it very important to change over to alternative eco-friendly biomass fuel for environmental and economic reasons. (Georges Markatatos, 8/6/2006) The Impact of Sud Chemie on alternative sources of energy Headquartered in Munich, Germany, Sud Chemie Group is operational globally and its sound, in-depth acquaintance, knowledge and expertise in the field of conventional and non-conventional energy resources makes it critically important for the company to pioneer efforts on switching over to eco-friendly renewable energy resources. Sud Chemie's philosophy of sparing use of conventional energy and water give its products advantageous position on reduction of emission levels and thus bring down pollution levels through lower energy consumption and higher efficiency. (Sud Chemie) Currently, the high demand for fossil fuel and its cost of production and distribution is outweighing its adverse impact on environment and the abilities of the governments to introduce legislative reforms in the power and energy sectors. This factor is also dwarfing attempts by concerned lobbies to push for viable alternatives in the form of renewable energy sources. Eco-friendly renewable energy resources industry Currently, the cost of renewable energy consumption in Europe and elsewhere is very high as compared to fossil fuels. Therefore, the momentum for switching over to renewable sources such as biomass energy does not look encouraging for the moment and the foreseeable future. Research for development purposes of the renewable energies is disintegrated due to diversities in the availability and form of