Regulation is the application of laws and rules created by the government, designed to correct percieved market failure. Market failure occurs when resources are not allocated in the best possible way. In order for regulation to be effective, the government will require enough information in order to correct market failure. There are a number of problems with regulation, the first is that it is often difficult and costly to impliment. In the case of pollution and carbon emissions, it is very hard to actually measure the level of carbon emissions being produced from a company.
Write an essay in which you summarize the opposing viewpoints on the energy issue you researched in the previous lesson. Answer: In the United States, we are faced with the controversy of many energy issues that are a big problem today. One of those problems is how the energy is being used, and whether or not we should be using fossil fuels or renewable resources as our primary energy supply. There is opposing viewpoints on these energy issues, many opposing people bringing up good points about the other. These opposing viewpoints include if we are using too much of them, the availability of them and how reliable they are.
In fact, issues of distributive justice in the context of climate change are overly deep-rooted and have far-reaching impacts not only for the current generations but future generations as well. Queries related to siting and management of storage sites which encompasses concerns associated with risks and uncertainties of the technology; consideration of risk perceptions of all stakeholders; autonomy (or monopoly) of actors over the development and implementation of the technology; sources of funding (cost burdens) for technology deployment; discrepancies between local hazards and global good nature of the technology (as it abates GHG emissions), etc. are some of the predominant moral contestations with respect to distributive justice within CCS. Thus, a fair allocation of benefits and burdens involves socio-techno-economic factors and calls for action by the local, national and international actors. Although most of these concerns are not specific to CCS only, but the complexity and political implications of these factors in the context of CCS is certainly much more intense and contentious as it firstly, pertains to climate change, and secondly, there are too many unknowns in the technology as of
Business Economics GM545 Question 1 Supply and Demand? Where would we be without it? There will always be someone supplying a service or product, while the consumer needs that service or product. One of the biggest products that we use today is fossil fuel. Fossil fuel contributes too many products, the biggest being gasoline.
The plans were in place to assist and respond to the needs of those affected. The problems came with things like communication and lack of manpower. Phone lines were down, power was out, and first responders weren’t showing up to work. The problems were endless and the scale of the devastation made responding a lengthy process. What lessons learned from the Katrina disaster can now be used to improve the emergency planning for other natural and man-made disasters in the U.S.?
However, Caplan et al (1975) contradicts this research, finding that ambitious employees, similar to those with high job control in Marmot’s study, were more likely to suffer from stress related illness. This means that neither source was particularly reliable. Johansson et al (1978) used a different method of data gathering, instead choosing to complete a study on the stress reactions in highly mechanised work. He used urine samples to discover the link between high-risk finishers and low-risk cleaners, and their stress levels. Johansson concluded that work stressors, like repetitiveness and high levels of responsibility, create long term physiological arousal leading that stress-related illness and absenteeism.
Presently, pessimism prevails. Many feel that the technology solutions created by an industrial economy to improve human well being has led to insurmountable environmental degradation. As coal and oil technologies reach an inevitable peak in production, unanticipated and uncontrollable consequences of their abuse are becoming more pronounced in natural systems not long after their introduction as the economic life vein. Even so, pushes for new technological development have emerged to counteract the damage already done and optimism remains to reverse their effects on the environment through innovation. As explained by Paul Gray, therein lies a technological paradox, that environmental deterioration is brought about by the industrial economy, but the progression of this industrial economy is and will be the road to successful environmental stewardship (Ausubel, 1989).
Non-renewable fuels are organically-derived fuels. The original organic material, with the aid of heat and pressure, becomes a fuel such as oil or gas. These fuels are hard to come by and are sometimes harmful to the environment when burned. Concerns about these fuel sources has been very prominent in the past few years. Concerns greenhouse gas emissions and many other things such as energy security has caused for people to look towards a new source of fuel.
As we are theoretically reaching “peak oil”, “peak gas” etc. as well as the occurring of global warming and a number of environmental issues, the call for more “clean”, “sustainable” renewable energy has been increasing dramatically. However, some critics argue that renewable energy such as wind, solar, biomass, alone can not sustain the world in the future. In this essay, I will argue that renewable energy is not a viable way for replacing established energy sources by analyzing the geographic and natural limitations, impacts on ecosystems and the efficiency on cutting greenhouse emissions of renewable energies. The real solution should be reducing energy consumption.
We have developed economic instruments to try to satisfy the needs of the present generation efficiently, but these are not adequate for addressing equity issues with future generations. While the incorporation of externalities is intended to ensure that the benefits from a proposed action exceed the costs and that those who bear these costs be adequately compensated, in practice it operates from the perspective of the present generation. Environmental externalities are focused primarily on the costs that the present generation bears in polluted air, water, and soils from industrial development, in deforestation, and in other aspects of economic development. The discount rate is used to consider future costs and benefits, again from the perspective of the present generation. Reliance on the discount rate to consider