My Life Has Saved Me A Better Man - 932 Words

The lessons that my dad has taught me thought out my life have saved me a lot of money. My dad took time teaching me when I was a young man how to fix anything, but cars are the most important to me. Being able to fix anything that has to be is a not only rare skill but it is a way of life that takes time to learn. I can now fix my own cars instead of taking it to a shop to have them fix it. It has made me a better man. Taking a vehicle to the shop is growing absorbedly expensive, older cars are simpler but with the newer cars, getting more complex you need to know what you are doing. The need for a basic understanding of a car’s interworkings is paramount or mechanic shops will have a monopoly in the repair business. The old, rusted out Camaro was a project for my dad and me to work on together. A fifteen-year-old boy under the hood of a 1967 Chevy Camaro changing a carburetor. There he was wearing a camouflage mask of grease and oil looking like an apache warrior getting re ady for war. The day had a bluebird sky; it was a warm spring after noon without a cloud in the sky. That young kid was me and that day has had significant impact on me. As I leap under the hood and I carelessly grab a Snap on wrench, and I start trying to unbolt the Holly 750 cfm double pumper carburetor I wrenched on it for 5 minutes and I said to my dad â€Å"what is wrong with this thing, is it the right size wrench for this bolt†? My dad came over and looked at the bolts –that held the carburetor toShow MoreRelatedA Man Who Is Admired For Great Or Brave Acts Or Fine Qualities966 Words   |  4 Pagesfine qualities†. When a firefighter runs into a flaming building and saves a person who is stuck, that is an example of heroism. The man I’m about to talk about saved me. Not in the way a firefighter saves a person who is stuck, but similar. A firefighter saved a person stuck in a building ablaze, and The Weeknd, A.K.A. Abel Tesfaye, saved my life. I admi re this man for overcoming his problems and still staying true to himself as he rises to unfathomable fame. Abel Tesfaye dropped out of high schoolRead MoreBiblical Themes Of The Bible1169 Words   |  5 PagesBiblical Themes The Bible has numerous themes that influence our lives greatly as believers. In this paper, I will be discussing the biblical themes of Creation, God, Humanity, Sin, The Good Life and Salvation. In order to have a Christian biblical worldview we need to understand what the bible teaches us about these themes. These themes have influenced my beliefs and they affect my everyday life and worldview. I have always believed that what the Bible says about these themes is the truth andRead MoreHudson Taylor1119 Words   |  5 PagesGod. 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Risk Management Theory Equity Value - 1254 Words

Risk management theory can be divided in two competing approaches: equity value maximising strategies and strategies determined by managerial risk aversion. The first category suggests that hedging can increase the market value of equity and that companies should be concerned with total risk rather than systematic risk. There is, however, no comprehensive framework for explaining risk management within the imperfect financial environment in which firms operate. Therefore, it is not possible to draw undisputed conclusions on the value maximising risk management policy. Assuming imperfect capital markets, hedging theory suggests the following policies to maximise the market value of equity: Assuming no transaction costs, a constant volume of†¦show more content†¦If the firm’s primary concern is to reduce the costs of financial distress and it can faithfully communicate its true probability of default, the firm should minimise the likelihood of the firm value falling bel ow the market value of debt and/or avoid cash flow shortfall. If hedging is prompted to reduce the demand for costly external finance and the investment volume is independent of the risk factor(s), the firm should perfectly hedge all hedge able risks to minimise cash flow variability. If the firm wants to minimise the demand for external finance and the optimal investment volume is perfectly correlated with the risk factor(s), the firm has a natural hedge and, therefore, does not need to manage risk actively. If external debt has to be raised, the company should minimise contracting costs. To achieve this goal, the firm can faithfully define a conservative risk management policy by bond covenants or reputation building, it can choose preferred stock or convertible debt instead of straight debt and it can constrain its dividend payments. Once the hedging policy is identified, the firm has to trade-off hedging costs and the benefits of hedging (Fok, 1997). The competing approach to va lue enhancing risk management techniques claims that managers will maximise their expected utility rather than the market value of equity. This approach may have other implications for risk management,

Developing and Deploying Renewable Technologies

Question: Discuss about the Developing and Deploying Renewable Technologies. Answer: Introduction: The United Arab Emirates (UAE) was regarded as a confederation of seven emirates. It has been observed that a critical role in the economic development and diversification places has been played by the Renewable Energy (RE). As per the opinion of Vine (2009) it has been opined that for the upcoming future the economy would rotate around its power of 94 percent of the oil reserved and more than 90 percent of its expected gas assets. According to Abmann, Laumanns Dieter (2006) it has been opined that the growth of renewable energy has been sustained by the urbanized states like UAE which focuses to strengthen its local position as a role model for sustainable growth for a variety of purposes which includes: To make sure that the protection of delivery and to reduce the utilization of the fossil fuels; To decrease emission of the Green House Gas; To enhance the developed abilities, etc. As per the view of Tsoutsos et al. (2007) that supply and demand was regarded as a principle that was stated as fossil fuel resources would diminish; price would grow, which would lead to offer other alternatives such as RE. The following options of the technology could be utilized to decrease GHG emission from power production such as: Improvement of efficiency of the generation: Shifting towards a low GHG emission of the resources. Delynnis and El- Nashar (n.d.) affirms the historical growth of the renewable energies and the development which has been made over the years to develop and to adapt these energies into a functional form; by utilizing the restricted tools or machines of earlier times in a manner which narrates to the current era, time and technology. Ghosh et al. (2002) opined that the RE strategy have been regarded to form a part of the regulations of the energy. Moreover, the responsibility of the public and the private in the growth of the RE have been redefined to have a fundamental responsibility by cheering more confidential contribution to speed up the incorporation of the RE in market growth. Alaeddine, Mona and Mahieddine (2013) the researchers were of a view point that the chief purpose of his work was to investigate the prospective of the RE as an essential future energy source which could be utilized in the state as it was the state for elevating oil. As per the view of Fattah (2007) it has been stated that in 2009, the legislative authority of UAE was considered to be one of the seven semi-self governing body which initiated a force into RE that was proclaimed by the worldwide media as proof that an old-line petro-state had clinched the world wide low-carbon schedule. Bitar (2015) affirmed that the emerging RE programs was considered to be a part of a wider program which was geared towards the advancement of the UAE vision of 2021. The UAE thus has frequently designated that the instruction, particularly in the science regulations, would be indispensable for the country which was moving forward in order to attain a bright future. According to the view of Palco (2008) it has been stated that by 2020, the sources of RE were to report for at least 7 per cent of its entire electric power generation competence. Enzer (2015) have stated in his research that the requirements of the UAE were in capability to desire for RE in order to assist improve real deficits in terms of supporting the requirements of the customers in spite of its vast petroleum funds. The state due to a 6% annual augment in the demand of LNG has been importing goods since 2008, and now requires the rate of oil to remain at or above US$ 77 to remain solvent was faced with an intimidating calamity. Mezher, Dawelbait and Abbas (2011) in their research have opined that climate transform and the exhaustion of the fossil fuels have been regarded as the constituents for the current center on the RE energy. It was specified that in the UAE, population and economic development were regarded as the chief reasons of a sharp augment of power command. Also the requirement for the establishment of RE sector was made as UAE has one of the uppermost carbon footsteps in the globe and the price of reduction of its chief power creation resource such as fossil fuel. Elliott (2007) believes that universally, constant socio-economic development and connected utilization of energy would force over misuse of natural resources such as oil, gas, and water which would aggravate the ecological dangers in the state. Faced with such a demanding circumstance, the legislative system of the UAE has proclaimed the strategic precedences. Bassam and Amira (2013) states that Nuclear power was one of such policy that would bear a momentous weightage in concentrating on the protection of electricity in a crucial manner but that approach with its own problems such as finite uranium energy, nuclear waste management and the eternal danger of inadvertent discharge of radioactive substances even though the nuclear decision which was adopted in association to coal has been defensible by the system as an ecology friendly alternative. Doukas, et al. (2006) opined that the large number of possessions in relation to oil and gas and the better competition of conservative energy supply tools which were based on oil and gas was a chief power feature in the UAE. According to Grooten (2012) Abu Dhabi being a part of UAE was connected with the worlds 3rd largest per capita environmental footstep. Doukas et al. (2006) opined an assessment of the position of a number of proposals which have been proposed in regard to renewable energy as they were rolled out in the Gulf Countries until 2005. It has also acknowledged the trade prospects which were made for the future reserves (International Renewable Energy Agency, 2015). Kumetat (2009) have provided a rationalized indication of the accessible sustainability proposal in the areas of UAE. With reference to the future lawmaking policy which has been made in order to develop the sustainable development, there have been three kinds of proceedings which could have been differentiated in the literature such as: Stimulation of the renewable energy: Woertz (2008) states how renewable energy could grant immense chances for the countries to enlarge the existence of the export of their fossil fuel. Perkins (2009), Qader (2009) and Reiche (2010) have confirmed the responsibility of the institute which has been made for the protection of the renewable resources as a catalyst for the implementation of such energies. Most of the assistance in regard to the non- conventional energy resources with a focus on the solar or nuclear power has been made in the Gulf areas. Kazim and Veziroglu (2007) opined that how the reserves in the capability of solar resources could grant a practical accompaniment to the energy supply of UAE, in order to maintain its share in the worldwide supply of energy. Harder and Gibson (2011) and Alnaser and Alnaser (2009) observed the low energy costs in the areas as major hurdles for the productivity of the reserves in the solar power. The increasing interest has been analyzed by Luciani (2009) which the countries have depicted in the nuclear energy development plant during the last several years, which resulted in the structure of four nuclear power plants in the UAE. Adaptation of the standards of energy: Al-Iriani (2005) and St Clair (2009) have stated a number of demand- side events for the UAE that could decrease the personal utilization of energy supplies. Abandonment of energy subsidization by governments: Dargain (2010) have discussed the elucidation for the household gas discrepancy in the state, by disputing that the state government should have made an attempt for a validation of the value of the gas, which would have been implied as an desertion of subsidization policies for the retail sector in particular. Qader (2009) have suggested that the beginning of excise and subsidization programmes in order to stipulate a more proficient consumption of electricity have been made by the users of the households. The policy procedures which have been defined above should have been considered in relation to the biased and communal schemes that were in place in the Gulf States. Hertog and Luciani (2009) have argued that the technocratic character of most of the legislative authorities indicates that enclave-based, project-focused proposals intended at initiating a renewable power generation ability which were most likely to be triumphant. Spiess (2008) elucidates a more serious examination of the present biased and communal stipulations in the Gulf regions and points at a wanting consciousness which was there between the policy-makers as well as the residents and an impractical push in the price of oil as a short-term answer to the intimidations that ecological change was posturing. It was noted by Chedid and Chaaban (2003) that how in the early 20th century, the consciousness was missing among the individuals who make the policies of the unsustainability of monetary development to date and the probable benefits of the sources of the renewable energy have created a major hurdle towards the completion of the scheme of the renewable energy. Besides this, a number of individuals who were regarded as the makers of the policy professed a conflict of interest among the reserves in renewable and the future financial returns from their stocks of the fossil fuels (Renewable Energy Energy Efficiency Partnership, 2012). The said mindset changed and Alnaser and Alnaser (2011) during the period of the 20th century provided a impression of how, in less than a decade later, a number of a large scale renewable energy schemes were either intended, under production or equipped in the states (Wasmi, 2015). As per the view of Abmann, Laumanns Dieter (2009) it has been stated that the systems of renewable energy were not new. Long time ago, the renewable energy resources were utilized and it subsisted a long time before when the fossil fuels were even discovered. The major development in the area of renewable energy resources came as a consequence of the oil crisis which took place in between the time period of 1973-1980. Kishore (2009) opined that by manner of the perception of the RE possessions which were well versed a prior to a decade, but it got an unanticipated elevation by following the 1973 oil distress. It was exposed by him that the electrical energy production has increased along with the enlargement of population from 19th to 20th century. The utilization of the entitlement of oil has reached its peak share in that era. The reliance on coal as a foundation of energy was very much elevated in the 19th century and arrived at its lowest standard in the 20th century (Wam, 2013) . According to Liptak (2009) it has been affirmed that in todays time the total yearly consumption of electricity was 15 trillion kWh as a result of the high utilization, it was predictable to enlarge by more than the double in the subsequent 50 years. At the first place, it has reproduced the augmented significance of this topic on the strategy plan in the UAE and other countries. According to Davidson (2009) and Ouis (2002), the overview of the growth of the ecological policy in the UAE has been provided in a significant manner. OBrien et al. (2007) in his aspirations have defined how the legislations which were pertinent to the natural atmosphere came into being only in the 20th century. Several kind of disputes that make this theme appropriate from a perception of a policy have been described in the literature (Intergovernmental Panel on Climate Change, 2016). This would develop a control towards less energy-intensive tools. As per the viewpoint of Dargin (2010) the crisis of the household energy which was faced by the UAE presently was principally caused by excess demand for gas, which was caused due to a pointed growth in demand for electrical energy and desalinated water during the last decades. Hertog and Luciani (2009) argue that, the household scarcity in a number of Gulf States which were provided grants a diversification of the power supply towards the renewable resources was by way of a rational choice. As a part of another quarrel in regard to the topic of renewable resources and sustainable growth, there were some local intimidation for the UAE that were connected to the large-scale water desalination plants that were utilized in order to provide potable water. Lattemann and Hopner (2008) elucidated that the ecological effects of the seawater desalination in general. Amin (2015) states that the assessment of the (IREA) have been analyzed by Remap 2030 of how would the countries would work in order to double the share of the renewable energy in the global energy. The Remap 2030 confirms that the rapid operation of renewable energy was in the present scenario cost competitive on a purely project economic basis. The UAE has taken a bold inference to embrace renewable resources as an example that would capture the concentration of states all around the Middle East and the globe. RE was observed in making financial intellect for the upcoming generation decades prior than predictable, and the state presently stands ready to take advantage from its first-mover benefit. The Remap depicts how the world could twofold the part of RE in the energy mix within this Specified time, decreasing global CO? emissions from utilization of energy as much as 35%. People know that doubling the share of renewable by 2030 was probable, and a appraisal of the best practices among different countries depicts how it could be done. According to Zeyoudi (2015) few of the organizations have seen modifications such as RE, ehere 5 years were like 20 years in other field. Worldwide fitting of renewable power capability presently outpace those fossil fuels and nuclear power collectively. UAE was made a bet on this changeover. This viewpoint led to the first renewable energy funds in the area, such as the Shams 1 solar plant, and the revolutionary institution of Masdar Institute, the Middle Easts clean-tech examination leader. It also changed the idea of the other individuals. According to the opinion of Shams El Din et al (1994) and Qader (2009) the imminent view in the role of consumption of the electricity by being a driver of GHG emission in the UAE has been provided. Kazim (2007) recognizes an exponential development of the public at large, the fast financial growth, urbanization and the reliance on desalination for the potable water supply have been talked about. The serious industrialization and the low customer costs in regard to the utilities have been added by Hertog and Luciani (2009) as a significant drivers of the consumption of energy and as a result of that the emission of GHG have taken place in the Gulf Countries. Alnatheer (2006) opined that with observance to the rules and regulations which were considered as the hard institutional factors within the energy systems of Saudi and UAE, there was a clear prejudice with reference to the fossil fuels. It was approximately unattainable for renewable energy to struggle in the countries like Saudi and the UAE electricity sector with the present unnaturally low electricity costs. Not only they have a considerable consumer subsidies which was on the end-utilization cost long been granted by the legislative bodies of the UAE as part of their societal welfare programmes, but also the cost of the fossil fuels were tremendously low that is there were also significant electricity manufacturer subsidies. As per Schlumberger (2004) it has been stated that it was correct that the enormous majority of countries around the globe have not yet put in place the authoritarian and policy frameworks in order to encourage speculations in renewable resources Vidican (2012) believes that such a procedure involves the configuration of innovative coalitions of welfare and a modification in the communal agreements. As per Karl (1997) it has been opined that the option of RE was distinctive of the supply-side centre within the states in which government finds it simple to make surplus institutions than launch rule that would confront the prospect of the residents. Dasgupta (1990) argues that undervaluation of the early reserves makes an intensely embedded way reliance that could only initiate to be tackled by proper price symbols. So, after reviewing the views of the different writers and the researchers it could be stated that all of them believe that there have been a mis-utilization of the natural resources, environment and the resource energy by the corporations and the people at large. As per the viewpoint of Kumar (2007) it has been believed that Masdar like an unrestricted financial plan for RE projects. In spite of all the attempts and growth, renewable energy operation was still attained at an early stage in UAE, yet with continuing attempts and escalating interest in the field, does grant a capable outlook for the expectations of sustainability of energy in UAE by way of the route of renewables. Stanton (2010) believes that, Masdar to reach its objective in six years must install an additional 1,390 MW of renewables, about 230 MW per year. According to the view of Luomi (2009) writes that the presence of IRENA states a promise of the fossil fuel revenues of UAE towards attainment of RE. It was also observed that oil and gas were the sectors the Gulf countries were such kind of exploitation of resources have been done at a larger states from which UAE was at the top. As it was also kept and bear in mind of the people that such mis use of resources also make the states face larger consequences as there has already been a Green House Gas emission by which the ozone layer has been depleting at a larger scale. Therefore, it could be concluded that people should make proper use of resources because if the present generation would not make a proper use of resources then there would be nothing left for the future generation to come. References Abmann, D., and Laumanns Dieter. Renewable Energy: A Global Review of Technologies, Policies and Markets. London: Sterling, 2006. Al- Amir, Jawaher and Abu-Hijleh, Bassam, Strategies and policies from promoting the use of renewable energy resource in the UAE. Renewable and Sustainable Energy Reviews 26, (2013): 660667. Alaeddine, Mokri., Mona, Aal Ali., Mahieddine, E. Solar energy in the United Arab Emirates: A review. Renewable and Sustainable Energy Reviews 28, (2013): 340- 375. Al-Iriani, Mahmoud A, Climate-related electricity demand-side management in oil-exporting countriesthe case of the United Arab Emirates. Energy Policy 33, no. 18 (2005): 2350-2360. Alnaser, Waheeb Essa. and Alnaser, N. W. Solar and wind energy potential in GCC countries and some related projects. Journal of Renewable and Sustainable Energy 1, no. 2 (2009): 140. And Climate Change Mitigation. Intergovernmental Panel on Climate Change, https://www.ipcc.ch/pdf/special-reports/srren/SRREN_FD_SPM_final.pdf Bitar, Zaher, Knowledge, innovation key in UAEs green economy Gulf News April 23, 2015. Chedid, R. and F. Chaaban, Renewable-energy developments in Arab countries: a regional perspective. Applied Energy 74, no. 1-2 (2003): 211-220. Dargin, Justin. Addressing the UAE Natural Gas Crisis: Strategies for a Rational Energy Policy, Dubai Initiative Policy Brief, Belfer Center for Science and International Affairs, https://belfercenter.hks.harvard.edu/publication/20528/addressing_the_uae_natural_gas_crisis.html?breadcrumb=%2Fpublication%2Fby_type%2Fpolicy_briefings_testimony_presentations%3Fgroupby%3D1%26%3D%26filter%3D151 David Elliott, Sustainable Energy: Nuclear Power and Renewables. (Palgrave Macmillan, 2007), 3-24. Davidson, Christopher M. Abu Dhabi Oil and Beyond. New York: Columbia University Press, 2009a, 138. Delynnis and El- Nashar , A Short Historical Review of Renewable Energy, Renewable Energy Systems And Desalination 1. Doukas, Haris, Konstantinos D. Patlitzianas, Argyris G. Kagiannas and John Psarras.Renewable energy sources and rationale use of energy development in the countries of GCC: Myth or reality?. Renewable Energy 31, no. 6 (2006): 755-770. Eckart Woertz.Alternative energy trends and implications for GCC countries. GRC Report July 2008, Gulf Research Center. Enzer, Georgina. Going Green CPI Financial March 5, 2015. Ghosh, D. A, Shukla, P.R. , Garg, A. , Ramana, P. Venkata. Renewable Energy Technologies for the Indian Power Sector: Mitigation Potential and Operational Strategies. New Delhi, India Institute of Management (2002). Harder, Elizabeth and MacDonald Gibson, Jacqueline, The costs and benefits of large-scale solar photovoltaic power production in Abu Dhabi, United Arab Emirates. Renewable Energy 36, no. 2 (2011): 789-796. Hassan M. 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Luciani, Giacomo, Nuclear Energy Developments in the Mediterranean and the Gulf.The International Spectator 44, no.1 (2009): 113-129. Mari Luomi, Abu Dhabis Alternative-Energy Initiatives: Seizing Climate-Change Opportunities, Middle East Policy 16 no. 4 (2009): 102117. Mezher, Toufic., Dawelbait, Gihan., and Abbas, Zeina. Renewable energy policy options for Abu Dhabi: Drivers and Barriers. Energy Policy 42 (2011):315-328. Mokri, Alaeddine., Aal Ali, Mona., and Emziane, Mahieddine. Solar energy in the United Arab Emirates: A review. Renewable and Sustainable Energy Reviews 28, (2013): 340-375. Monique Grooten, ed., Living Planet Report 2012 (World Wide Fund for Nature, 2012), OBrien, James., Keivani, Ramin., and Glasson, John. Towards a new paradigm in environmental policy in high-income developing countries The case of Abu Dhabi, United Arab Emirates. Progress in Planning 68, no. 4 (2007) : 201- 256. Ouis, Pernilla. Greening the Emirates: the modern construction of nature in the United Arab Emirates. Cultural Geographies 9, no. 3 (2002): 334-347. Palca, Oil-Rich Abu Dhabi Builds Renewable-Energy City, Morning Edition, National Public Radio, May 5, 2008, https://www.npr.org/templates/story/story.php?storyId=90180158 Partha Dasgupta, The Environment as a Commodity, Oxford Review of Economic Policy 6, no. 1 (1990): 5167. Paula Vine, ed., United Arab Emirates Yearbook 2009 (London: Trident Press Ltd., 2009). Perkins, John. The Role of Masdar in Developing and Deploying Renewable Technologies in Emerging Economies. ATDF 5, no. 1-2 (2009). Qader, Mohammed Redha. Electricity Consumption and GHG Emissions in GCC Countries. Energies, 2 (2009): 1201-1213. Reiche, Danyel. Renewable Energy Policies in the Gulf countries: A case study of the carbonneutral Masdar City in Abu Dhabi. Energy Policy 38, no. 1 (2010): 378-382. Renewable energy energy efficiency partnership. An Annotated Bibliography and Reference Guide on Regulation and Sustainable Energy Renewable energy energy efficiency partnership, https://www.reeep.org/sites/default/files/SERN%20Literature%20Review%202012.pdf Shams El Din, A.M., Shawki Aziz and B. Makkawi, Electricity and water production in the Emirate of Abu Dhabi and its impact on the environment.Desalination 97, no. 1-3 (1994): 373-388. Spiess, Andy. Developing adaptive capacity for responding to environmental change in the Arab Gulf States: Uncertainties to linking ecosystem conservation, sustainable development and society in authoritarian rentier economies. Global and Planetary Change 64, no. 3-4 (2008): 244-252. Terry Lynn Karl, The Paradox of Plenty: Oil Booms and Petro-States (Berkeley: University of California, 1997). Steffen Hertog, Princes, Brokers and Bureaucrats: Oil and the State in Saudi Arabia (Ithaca: Cornell University Press, 2010). Tsoutsos, T., Papadopoulou, E., Katsiri, A., Papadopoulos, A. M., (2007). Supporting Schemes for Renewable Energy Sources and their Impact on Reducing the Emissions of Greenhouse Gases in Greece. Elsevier Ltd. Wam. UAE: Shaping the Global Future of Renewable Energy Khaleej Times, June 28, 2013. Wasmi, Naser Al .UAE world leaders in renewable energy, The National, April 23, 2015.