Globalisation and Business Enterprise Essay Example | Topics and Well Written Essays - 1500 words

Globalisation and Business Enterprise - Essay Examplekey players in New Zealand Biofuels Market AECOM, AES, Ag Research, Anchor fermentation alcohol Fonterra, Aquaflow Bionomic Corporation, Biodiesel New Zealand, Carbonscape, Cawthron Institute, Ecodiesel, Flo-Dry Engineering, GNS Science, IPL/Biofuel Testing New Zealand, Lanzatech and many more (Bioenergy Association of New Zealand, 2007). These companies have simple and basic idea and that is to attend the environment by relying on the capability of technology to address issues concerning global climate alternate. These companies have considered innovating possibilities on how to come up with biofuels that are cost-effective, renewable and sustainable aside from their bully contribution to minimise pollution and emission of greenhouse gases into the atmosphere. However, there are various concerns in this area which are discussed in this paper. The production of biofuel as an option to fossil fuel is a remarkable issue to be in vestigated further. For instance, it is clear that companies that continuously produce biofuels have wonderful business opportunity amidst the climate change but they are also faced with separate global economic and social concerns.Biofuel is known to affect the economy by indirectly creating impact to other sectors or industries. It is believed that there was an upward spiral increase for biofuel production in international trade and investment in the last few years, but it was colligate to 2007 and 2008 global food crisis (Timilsina & Shrestha, 2010). Eventually, there was a problem on this idea in the first place knowing that the production of biofuel will need large supply of food-based raw materials. Thus, non-food based materials are now widely explored for this concern. The New Zealand energy strategy and policy is a gateway to discover technology that could help the environment especially on the reduction of carbon emission and other greenhouse gases. For instance, there is a new study in New Zealand revealing the potential of growing algae to