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Home/ Economics HL - Jacob Solomon's group - Year 1/ Group items tagged Externalities

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Lola Z

When is a carbon tax an economic reform? Good question. - The Drum Opinion (Australian ... - 0 views

  • winners and losers in the global green economy.
    • Lola Z
       
      There is also negative externalities of green economies. The possible higher cost will probably cause firms to reject the method and this will lead to a negative economy.
  • what are the implications for the economy of government attempts to curb the growth of carbon dioxide emissions?
  • carbon tax
    • Lola Z
       
      Because of the negative externalities of carbon emission, a carbon tax is in place as an incentive for firms to reduce carbon emission, hence, negative externalities.
  • ...2 more annotations...
  • excise tax on cigarettes or alcohol.
  • Simply imposing a tax on the production of local emissions will not necessarily affect the extent of these externalities because production can move to another country.
    • Lola Z
       
      This is a very critical point. Because the externalities are worldwide, the actions should be taken worldwide too.
Monique T

Malta's power stations cost up to €126m a year in health, environment | The M... - 1 views

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    This article discusses the environmental and human health costs of power plants. These type of costs would be considered negative externalities of production, because they are harmful effects that do not effect the firm producing the power, but rather a third party, society as a whole. When producers are making the power, they value the cost as the private costs to their firms, but as outlined by this article, there are many social costs which they do not consider, and this leads to over-production, which means the market is failing, as the resources are not being allocated efficiently. An interesting aspect is that they are able to put a true "cost" on environmental and health effects, which can be quite hard to determine.
Amy X

China's Coal: Demand, Constraints, and Externalities | China Energy Group - 0 views

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    China has been, is, and will continue to be a coal-powered economy. In 2007 Chinese coal production contained more energy than total Middle Eastern oil production. The rapid growth of coal demand after 2001 created supply strains and bottlenecks that raise questions about sustainability.
Lucas G

Paris to Launch Electric Car Share Program - 6 views

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    The use of normal cars creates a negative externality of consumption; through the air pollution and noise pollution that is created. The intention to launch an electric car share program in Paris reduces this negative externality; as electric cars do not make any noise and do not (directly) cause air pollution.
Dan Call

If only there were an alternative to cars - 0 views

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    This is an article all about the externalities of cars and the new potential for alternative goods for cars and new technology. The article also discusses other ideas such as increasing toll bridge prices which leads to an increase in capital for the construction industry
Katie Edwards

Industry protests power tariff hike - Indian Express - 1 views

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    Many industrial associations in India are displeased with an increase in the power tariff, because "It would not only prevent new industries from coming to the state but may also lead to closure of the existing ones." Power is a service high in demand among large industries, and making it more expensive to use external producers will harm businesses and firms in India.
Desmond M

London council in pollution crackdown on capital's bus drivers > National News > News ... - 0 views

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    This is an externality of production because the air pollution from the buses imposes an unpaid social cost upon society; the article then discusses how the government plans to fine people to deter this activity and raise revenue.
Katrina D

The shrimp and the damage done - 1 views

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    Although part of this article talks about the hypocrisy of staging Climate Change Comferences (due to the environmental implications of travelling to it), the middle of it talks about some economics. Instead of just harping on the envoronmental effects of climate change, people are suggesting that the negative externalities of creating pollution may begin to affect a country's GDP. This is interesting because now the social cost that the company should have paid is now being bounced back for everyone to pay.
Tim O

Oil spill in River Lark, Bury St Edmunds covers over two miles - 0 views

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    Hello, This article talks about problem and the negative externality an 5,000 gallon oil spill has caused in a local river, which covered over two miles. The article talks about the clean up act and how some fish are dying. The article does not talk about how the dying fish will affect local trade, however, I think it should not affect it that greatly due to the fact there are other rivers and seas from which to fish in and the river was quiet small. However, the oil could get into people's drinking supply and it could make people ill. From, Tim
Mirren M

Can A Soda Tax Protect Us From Ourselves? - 1 views

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    This article talks about how negative externalities links to taxes and how it can affect a person. It compares taxing soda with other products like fuel, cigarettes etc. and how the government makes decisions on what to tax. Quote the article: "Even as adults, we sometimes wish for parents to be looking over our shoulders and guiding us to the right decisions. The question is, do you trust the government enough to appoint it your guardian?"
Lucas G

Factory casts toxic cloud over posh locality - 0 views

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    This article concerns the problems that are being caused by a wagon-assembly factory in India. Not only does the factory cause air-pollution through fumes, but it also causes noise-pollution and vibrations that make living in the area very uncomfortable. This clearly illustrates how the MSC is much greater than the MPC of production, and is therefore is therefore a "Negative Externality of Production".
Katie Edwards

For the public good, or industry's? - Haaretz Daily Newspaper | Israel News - 1 views

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    This article outlines the consistent debate over nutrition, especially in schools. The beneficial externalities are obvious in an increase in health for the student, as well as the encouraged development of healthy eating. However, if junk-foods are so much easier to obtain and the number of un-educated consumers in terms of nutrition are so low, the public will be more inclined to just keep eating in their old habits. How on earth can the government effectively change this situation for the betterment of society?
Adam C

Market failures: We are not paying the full cost of our purchases | savannahnow.com - 0 views

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    A market failure occurs when the transaction between a buyer and seller imposes costs on a third party and these costs are not included in the price paid. The third party impact is called an externality. When the externality is negative, like in this scenario, then we should try to limit the consumption, thus raise the price, however this has evidently not happened.
Mirren M

NZ-Russia free trade deal remains elusive - 0 views

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    Russia and its partners (Belarus and Kazakhstan) are looking to seal a free trade deal with New Zealand. However, the articles talks about external issues to consider that will affect or be affected by the deal. The main concern of both parties is the current negative state of the global economy and how they intend to overcome this by trade. " "The priority goal is to fight protectionism together in all its forms; traditional and new alike ... It is important to build bridges, not walls," he said. "
Nadiya Safonova

Artifical Hormones, hormone residue in meat - The Issues - Sustainable Table - 0 views

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    For this week, I decided to find an article that is very close to most of us, because we all, at one point or another, eat meat, as well as drink milk. When we consume these products we probably don't realize what harmful chemicals go into these products and how they can negatively affect us. This article talks about the antibiotics and hormones that are injected into livestock to increase the rate of growth as well as in cows, the increased production of milk, and how these chemicals can negatively effect us.
Katie Edwards

Cyprus - Address by the Minister of Commerce, Industry and Trade . . . - 0 views

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    This article shows the real-life application to the new ideas we've been discussing in terms of the Republic of Cyprus. "Cyprus has so far been an energy island -an isolated energy system- and has till recently been almost totally dependent on imports of oil which burden the current account balance. A bright horizon of peace, cooperation and economic growth will then open up for the area of the Eastern Mediterranean, to the benefit not only of the countries and peoples of the area but also of our wider European family." I have included the conclusion to the article as well, which wraps up this sustainability-conscious article."In shaping the world of today and tomorrow through their decisions on energy issues, visionary leaders will aim at improving the prospects of both the current and future generations in terms of economic and social development and of sustainability, and certainly in terms of establishing and strengthening peaceful and hence productive international relations."
Hannah S

How the recession is affecting manufacturers - 1 views

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    Hey, This article is about how the current economic climate is affecting many industries in the eurozone and how this may be making our situation worse in the long run as less money is being fed into the economy. Hannah
Dan Call

Some Britons Too Unruly for Resorts in Europe - NYTimes.com - 1 views

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    This article talks about how British teens going to other European resorts are too unruly to be there. There only aim is to get drunk and party, so the article examines how this haoppens, why this happens, and the effect such actions have on local communtities in the areas where thiese problems are most prevalent.
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