The fly fishing outfitter did not have any legal recourses that were discussed in lecture. The fertilizer plant did not violate the Clean Water Act section 402 because the plant obtained a permit prior to discharging the pollutant. Also, the EPA and the state approved all discharge action reported. Additionally, common law claims are inadequate because pollution caused by industrial activity is considered a negative externality. The producer and consumer of the product are not directly responsible by the impact. The cost of the externality does not take into the consideration of the cost of the goods. Likewise, it is difficult to quantify impact and distribute the responsibility equally. Legally, the polluter has no criminal liability due…
Polluter Corporation is a manufacturing firm in the United States registered with the Securities and Exchange Commission. Polluter Corp. operates three facilities manufacturing various household cleaning products. These products produced are sold to retail customers. The United States government funded their company with emission allowances (EAs). An emission allowance is an authorization to emit a fixed amount of a pollutant. An emissions allowance is sometimes also referred to as a permit. An allowance is a fully marketable commodity that may be bought, sold, or traded for use by entities covered by the program. The gov’t granted those EAs with varying vintage years which is the number of years the allowance may be used.…
Polluter Corp. is a company that operates three plants in the United States. They make different cleaning products which are sold to customers. The U.S. government sells or gives out emissions allowances to companies, including Polluter Corp., which determines a set amount of pollutants and greenhouse gases a company can let into the environment. These are given out to help discourage pollution by companies. “EA’s” are assigned a year that a company can use in, and they also can be bought and/or swapped with other EA’s from different companies, as long as the swapped EA’s have the same usage year. When the usage year for the EA is over, they are returned to the government. If the company emits more pollution that the allowed amount on the EA, then the company will pay a fine. Polluter has recorded their EA’s as intangible assets.…
Polluter Corp. is a company that operates three manufacturing facilities and produces household cleaning products in the United States. The U.S. government grants this company with emission allowances (EAs) that can be used during 2010 to 2030. According to The Federal Energy Regulatory Commissions (FERC), Polluter Corporation records emission allowances as elusive assets with a cost basis of zero. The fiscal year is December 31.…
In many cases, most people in the United States; even around the world do not acknowledge that our planet is being polluted by coal plants and other industrialized nations. Climate change is a problem and threat to the world. In the reading of “Environmental Warriors Going To The Root Of The Problem” by Greg Jobin- Leeds and AgitArte, it talked mainly about the Earth being polluted and the reasons for that. The people that aren’t wealthy are affected by the plants that are built in the cities around them. The non wealthy do not have the authority to stand up and make the environment better for themselves.…
It can use increased taxation to discourage undesirable business practices: This is done through taxing polluters or for those that overuse a limited resource, it can help remove the undesirable effects they cause. All of this while generating more government funding (Hayes, n.d.).…
Economic incentives can help a society be sustainable if its social systems punish such behaviors or reward people who limit the use of natural resources or environmental services, recognize the direct and indirect impact of their actions, and lessen the inequality among social groups…
I am in support of using taxation and regulation to contain the external costs of atmospheric pollution because we all live in this world; we should all contribute to helping make it a better, cleaner place. Not all money can just be poofed into existence to support important decisions such as these.…
1.Research on the admission fees to national parks has found that the price elasticity of demand for annual visits to Glacier National Park is 0.2. The National Park Service is now considering a 10-percent increase in the admission fee.…
Back in the seventies the United States started up the EPA and it worked very effectively to clean up our environment because it had very strict regulations that developers had to adhere to. This process was cleaning up our ecosystem and things where getting back to a sustainable environment. It seems that when Ronald Reagan took office he put a stop to this and made the EPA laws “voluntary instead of mandatory. This gave the companies the power to ignore the guidelines provided and adhere to profit maximizing environment destroying policies of their own.…
From the environmental justice perspective , we can see an additional dimension to the problem of externalities . In many cases the principal bearers of negative externalities are the poor and underprivileged .For example , distant stockholders may profit from operation of a polluting.…
This would decrease the value of firm because strict pollution control requirements means the increasing of the cost thus the reduce the shareholder wealth maximization.…
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution. associated with it. It analyzes social welfare, however measured, in terms of economic activities of the individuals that comprise the theoretical society considered. As such, individuals, with associated economic activities, are the basic units for aggregating to social welfare, whether of a group, a community, or a society, and there is no "social welfare" apart from the "welfare" associated with its individual units.…
2 ‘A clean environment is a public good whose benefits cannot be privately appropriated. Therefore private industry which is run for private gain will always be the enemy of a clean environment.’ Examine this proposition.…
They also have a moral obligation to support developing countries in avoiding the same growth pattern of "polluting first and cleaning up later".…