The bioenergy industry and the road to 2050 Net Zero goal in the UK context
Keywords:bioenergy, renewable energy, main issues, forecast evaluation
The target to have a corporate social responsibility and a healthy ecosystem has become even more essential for both scholars and managers. This report, led by the University of Bedfordshire of United Kingdom (UK), examines the current status of the UK climate change, 2050 net-zero target, bioenergy analysis, and issues. In the context of climate change, converting consumption and production from conventional energy to renewable energy, especially bio-energy, is both a challenge and an opportunity for enterprises with the responsibility to be fully decarbonized by 2050. The great thing is that the UK is urging world leaders to go further and faster to tackle climate change and achieve global efforts. Using PESTLE and Porter’s 5 Forces as frameworks, the report suggests to provide insights into the opportunities, issues, and future forecasts about the internal and external environment of the bioenergy industry. The author recommends the four key issues belonging to the operation, society, economics, and policy which are (i) limited domestic bioenergy supply, (ii) land uses issues, (iii) limitation in investment, and (iv) lack of rigor in regulation. Thus, depending on collected information and analytical processes, the report predicts some forecasts in the short-term and long-term future so that government, businesses and other stakeholders can acquire valid and reliable literature as a live topic they need to take action.
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