- 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
- Investment in renewable energy and ‘intelligent’ infrastructure is booming. This revolution presents huge opportunities for new business partnerships
Read the full Lloyd’s research report
Related commentary by Antony Froggatt:
Also Read: Employment May be Worsening
