Knowing that oil and gas resources are finite, the future trend of the renewable energy transition is more likely to be followed by other companies. Ørsted has secured itself by bravely changing its operations and playinging an important step for Denmark towards sustainable future goals. This transition is expected to inspire other businesses to follow its steps. A transition towards a lower-carbon energy strategy is likely to lead to a major reform of the global energy system (12). How we make a change in recent years will put this world one step ahead in the fight against climate change.
BIBLIOGRAPHY (1, 12) British Petroleum. “BP Energy Outlook 2020 Edition,” 2020. https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energyeconomics/energy-outlook/bp-energy-outlook-2020.pdf/. (9) Corporate Knights. “2021 Global 100 Ranking,” January 25, 2021. https://www.corporateknights.com/channels/leadership/2021-global-100-ranking-16115328/. (11) Eitan, Avri, Gillad Rosen, Lior Herman, and Itay Fishhendler. “Renewable Energy Entrepreneurs: A Conceptual Framework.” Energies 13, no. 10 (May 18, 2020): 2554. https://doi.org/10.3390/en13102554. (2, 7) Lu, Hongfang, Lijun Guo, and Yitong Zhang. “Oil and Gas Companies’ Low-Carbon Emission Transition to Integrated Energy Companies.” Science of The Total Environment 686 (October 2019): 1202–9. https://doi.org/10.1016/j.scitotenv.2019.06.014. (8, 10) Madsen, Heather Louise, and John Parm Ulhøi. “Sustainable Visioning: Re-Framing Strategic Vision to Enable a Sustainable Corporate Transformation.” Journal of Cleaner Production 288 (March 2021): 125602. https://doi.org/10.1016/j.jclepro.2020.125602. (3, 5, 6) Ørsted. “Our Green Business Transformation: What We Did and Lessons Learned.” Accessed May 19, 2021. https://orsted.com/en/about-us/whitepapers/green-transformationlessons-learned. (4) Voldsgaard, Asker, and Mogens Rüdiger. “Innovative Enterprise, Industrial Ecosystems and Sustainable Transition: The Case of Transforming DONG Energy to Ørsted.” In Handbook of Climate Change Mitigation and Adaptation, edited by Maximilian Lackner, Baharak Sajjadi, and Wei-Yin Chen, 1–52. New York, NY: Springer New York, 2021. https://doi.org/10.1007/978-1-46146431-0_160-1.
8