... FINANCE “Review the proposed Carbon Pollution Reduction Scheme (CPRS) in Australia and critique its impact on financial management decisions” BY Xiao Nie Yang Song Date: 20th April 2010 Introduction In today’s society, all countries in the world will experience climate change in coming decades because of increasing carbon pollution (climate change 2007). In order to reduce the carbon pollution, ETS and CPRS will be proposed in the world wide and Australia. This essay is to focus on revising the proposed carbon pollution reduction scheme and point out its impact on financial management decision. In the first place, there is a brief summary about the CPRS scheme in detail. In the second place, there is an analysis about major and minor financial management decisions. In the final place, the impacts of CPRS on its financial management decision will be raised. All in all, the conclusion is a summary of the aim of the essay and how to achieve this aim. The CPRS scheme The emissions trading scheme (ETS) in Australia is called Carbon Pollution Reduction Scheme (CPRS). Australia is very vulnerable to the effects of climate change. They recognize that human activity is causing the climate change and also Australia is one of the biggest polluters on a per capita basis. The CPRS will help reduce Australia’s carbon pollution by putting a price on carbon for the first time in Australia’s history. The carbon price means that goods that are emissions...
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...Con Block AT-Climate Change hurts the economy Sub Point A: Climate change is not caused by human activities. Created: May 31, 2011, 2:43 PM Last Updated: September 01, 2015, 4:16 PM Written by Joseph Bast and James M. Taylor https://www.heartland.org/ideas/global-warming-not-crisis Heartland Institute, which has been studying global warming since 1994. There is plenty of evidence that there is no scientific consensus that climate change is man-made and dangerous (Bast and Spencer, 2014). The multi-volume Climate Change Reconsidered series cites thousands of articles appearing in peer-reviewed journals that challenge the basic underlying assumptions of AGW (Climate Change Reconsidered 2008, 2009, 2011, 2013, 2014). More than 30,000 scientists have signed a petition saying there is no threat that man-made global warming will pose a threat to humanity or nature (Petition Project). Alarmists often cite an essay by Naomi Oreskes claiming to show that virtually all articles about global warming in peer-reviewed journals support the so-called consensus. But a no-less-rigorous study by Benny Peiser that attempted to replicate her results searched the abstracts of 1,117 scientific journal articles on “global climate change” and found only 13 (1 percent) explicitly endorse the “consensus view” while 34 reject or cast doubt on the view that human activity has been the main driver of warming over the past 50 years. A more recent search by Klaus-Martin Schulte of 928 scientific...
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...Essay on the role of greenhouse gas emissions trading in the climate policy framework of Tanzania At the 13th conference of parties of the United Nations Framework Convention on Climate Change (UNFCC), held in Bali 2007, the agreement was to implement a REDD 1 policy in developing countries, to replace the first commitment period of Kyoto Protocol (2008-12). The REDD policy is designed to encourage developing countries with tropical forests to undertake measures that will minimize the rate of deforestation and forest degradation in exchange for receiving tradable carbon abatement credits financed by developed countries. It is in this regard, the greenhouse gas emission trading in Tanzania is conducted under the framework the UN-REDD policy framework. The framework emphasises the involvement of the local community in the design and implementation of the REDD strategy. It also recommends that the REDD strategy needs to be pro-poor. Greenhouse emissions trading can play a major role in a cost-effective climate policy framework. In Tanzania, there are various REDD related innovations and technologies already in the country that I foresee to help increase carbon sinks, avoid reducing carbon sinks, and reduce emissions from productive activities. Some of the REDD related innovations and technologies that Tanzania can offer in the international REDD architecture are: Afforestation and reforestation activities - this is likely to be successful as a pro-poor REDD activity, due to...
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...social problems. Despite the fact that technological solutions serve humanity, assisting them to alter the natural environment, technological solutions have not achieved the capacity to solve all the problems absolutely in current society. Consequently, this essay holds the view that technological solutions cannot adequately address both the ecological problems and the social problems for the reason that technological solutions are just the makeshift methods to alleviate the exterior problems, and have not raveled out these problems from the fountainhead. Technological solutions only can try to mitigate the greenhouse gas emissions, but cannot completely cope with global warming at the background of global motorization, which is the deniable fact. Apparently, it is unfair and unpractical for developing countries to limit the carbon emissions. According to Huimin Li and Ye Qi (2012), the carbon emissions have positive correlation with the increasing of GDP. Hence, it is no denying that developing countries like China have tremendous demanding for boosting the industry and the manufacturing. For instance: Developing countries widely use fossil fuel to produce electricity. In this circumstance, it will inevitably cause the carbon emissions. In Gonzalez’ article (2005), the WBCSD provides reforms including the development and application of technology, administrative schemes and the use of paperless. However, these methods are not to reduce the quantity of raw materials in order to...
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...UNIV 111 Education Portfolio Search SKIP TO CONTENT SAMPLE PAGE UNIV 111: UNIT 2 ESSAY – CONSUMPTION AS ETHICAL BEHAVIOR APRIL 28, 2015 PARKJH37 LEAVE A COMMENT The second writing is about the Consumption as Ethical Behavior. In this analytic 1350-word essay, the viewpoints of two thinkers are compared and reflected regarding to the ethical appeals that the company makes. For this essay, I chose Starbucks Company as the ethical company and I have introduced two writers from our readings in class. I honestly had hard time starting the introduction of this essay, because it was a new way of writing that I have never experience before. However, through many drafting and the help of my Focused Inquiry Professor, I was able to write this essay. UNIV 111 Unit 2 Essay Consumption as Ethical Behavior UNIV 111 Ju Hee Park 02 – 18 – 15 Everyone loves to have a cup of Starbucks Coffee for a relaxing break, for meeting a friend and talk to, for grab and go, and etc during our daily complex schedule. And Starbucks Company has made all these possible by providing a great place to socialize with other people while they are enjoying their products. But not only, Starbucks good at providing a social zone, and their luxurious qualities, the Starbucks Coffee Company also supports some ethical values. The Starbucks Coffee Company promotes their ethical values by claiming that they are constructing greener stores, recycling and reducing waste, conserving water and energy, preventing...
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...Briana Alston MGT 3550-03 Values Ethics and Sustainability April 19, 2016 Abstract This paper was created to reflect how the chapters in molecule 2 helps us understand how important big corporations are to their employees, the environment, and also to people in need. In this essay I will give a brief run down on a number terms we familiarized in class, and analysis on cases in chapter 1,3, and 10. In addition, I will present my own managerial implications to clarify how I would run a company if I were ever to become a CSR manager. To commence this abstract I would like to ask, which is more of great import to a business, helping the public or profit? Part I- Terms In Chapter 1 T. Savoie (2016), explained to the class the meaning of the term Stakeholder from his reaction paper. According to the book the term stakeholder refers to the persons and groups that affect, or are affected by, an organization’s decisions, policies. and operations. According to business dictionary.com, some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Another term in chapter 1 we went over was Focal Organization, which was described by Savoie (2016). In the book this is described by the organization from whose perspective the analysis is conducted. Savoie’s example of this was “in retail you would want to know the...
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...Essay “The challenge of sustainability for the financial sector” Student Name: Word: 902 Date: 12th February, 2012 “The challenge of sustainability for the financial sector” Sustainability for the financial sector can be explained as environmental and social impacts of the financial sector. Approach of sustainability for the financial sectors includes the engagement of financial sectors with environmental, social and financial opportunities and risk associated with it by complying with all related rules, regulations and ethical standards. The sustainability for the financial sector could challenge the core business of the financial sector. The financial sectors have now realized that the practice of sustainability have the positive impact as it could save cost, increase the overall earnings, decrease the risk factors, and also could help to develop human capital for the financial service providers. On the other hand ignorance of the sustainability issue could harm their reputation. - Gerster Consulting (February, 2011) Many scientific communities have argued to focus on the threat for human beings and the Earth due to running ecological system of earth and the main reason behind this is human activity. Our current international economy and financial sectors need some changes like switching to low carbon products and services etc. Currently 3 to 4 oC climate is now a minimum or acceptable level for healthy and safe human life. -International Climate Conference...
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...1 ESSAYS ON SUSTAINABILITY Thirteen Challenging Essays for Earthlings By Peter E. Black, 2008 Wheels and Water .......................................................page 1 Water and Humans on Planet Earth ................................... 2 Climate, Weather, and Global Warming ............................. 3 A Catastrophic Loss of Species ......................................... 4 The Naked Truth................................................................... 5 Asymmetrical Resource Distribution ................................. 6 Stormwater and Groundwater Runoff ................................ 7 Economy, Energy, Environment ......................................... 8 Drill in the ANWR? No Way! ............................................... 9 The Wonder of Water ......................................................... 10 Buffering Sands of Time.................................................... 11 Ecology and Civilization .................................................... 12 With a Bang, not a Whimper.............................................. 13 © 2008 Peter E. Black, PhD (US Copyright Registration TXu 1-580-484, July 13, 2008 as “Conservation is the Cornerstone of Sustainability”) Distinguished Teaching Professor of Water and Related Land Resources, Emeritus, State University of New York, College of Environmental Science and Forestry, 1 Forestry Drive, Syracuse, NY 13210 peblack@esf.edu and www.watershedhydrology.com Essays on Sustainability Thirteen Challenging...
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...the relationship between European countries is the element that influence easyJet's business. A good relationship makes EU politically stable, and that helps the economic growth of easyJet. However, along with the changes in political, that also bring threat to easyJet. Such as government made a strict carbon emission limits to detect airlines. And due to this policy, airlines have to face the fines that from the Environment Agency. In July 2013, easyJet made the agreement with Airbus that the shareholders of easyJet they purchase 35 current generation A320 aircraft and all the aircrafts will deliver to easyJet between 2015 to 2017, and 100 new generation A320neo aircrafts will deliver to easyJet between 2017 to 2022. (Essay UK, 2013) Secondly, in the economic aspect, even though the global economy is recession, but easyJet's profit is increasing, it able to offset the increasing fuel cost. And there are two reasons of easyJet can increasing its profit. (1) According to the global economy recession, people are more and more sensitive in price for their consumption, they may pay more attention to find out the most cheaper products. And the strategy of easyJet is focus on the low-fare that in order to increase the customers' demand of travel with a cheaper prices. (2) Due to the currency exchange rates, it is an element to influence easyJet's business. For example, in the recent years, the value of US dollar was decreased, compared with Euro, that is good for easyJet. (Alford...
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...drink. Alcohols are any of a class of organic compounds that have a singly bonded alkane attached to hydroxyl (-OH) groups. Alcohols are important in terms of organic chemistry because they can be converted to and from many other kinds of compounds. this is a ball and stick model of the hydroxyl (-OH) functional group in an alcohol molecule, the three “R’s” stand for carbon or hydrogen atoms Alcohols may be considered as organic derivative of water (H2O) in which one of the hydrogen atoms has been replaced by an alkyl group, typically represented by R in organic structures. For example, in ethanol (or ethyl alcohol) the alkyl group is the ethyl group, −CH2CH3. As they are derived from water their properties are similar to it, for example the are both colorless liquids at room temperature. Alcohols may be classified as primary, secondary, or tertiary, according to which carbon of the alkyl group is bonded to the hydroxyl group. Most alcohols are colourless liquids or solids at room temperature. Alcohols of low molecular weight are highly soluble in water; with increasing molecular weight, they become less soluble in water, and their boiling points, vapour pressures, densities, and viscosities increase. Alcohols are among the most common organic compounds. They are used as sweeteners and in making perfumes, are valuable intermediates in the synthesis of other compounds, and are among the most abundantly...
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...business globally and successfully; their business have been running all over the world. It was ranked the 11th largest steel producing company in the world in 2013. Frame work Is Tata Steel Limited successful just because it is using the right market strategy? Is Tata Steel Limited earning a big profit just because the workers are hard-working? In this essay, I will be using PESTEL and Porter’s Five Forces as my main models to analysis Tata Steel Limited. The purpose of doing this research is to see how Tata Steel Limited managing the business tremendously successful in a real market by applying these analysis methods. Political Factor At all times, government is always acting an key role in the development of different industries. It takes charge of the labor law, tax policy, tariffs, environmental law, trade restrictions and political stability. Political factor may also include what the government wants to provide or not to provide. After 200 years ruled by the British, India became an independent nation in 1947 and India’s economy changed to a free market economy in 1991. Government put a lot effort to change the economy. They increased the infrastructure spending and transportation cost, making the steel companies to be more globally competitive. In 1991, the government had reformed the economic; they added new dimensions into the industrial growth. Some of the important features due to liberalization were abolishing the licensing requirement, removing the steel industry...
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...Carbon Fibre Composites Compared with Traditional Metallics Name Institutional Affiliation Introduction According to Elaheh Ghassemieh (2011), the automotive industry has experienced lots of changes that occurs by day through the application of composite materials in the manufacturing of motor vehicle parts and body. Several reasons have been advanced in support of this shift from the traditional use of metals. In comparison to the metallic counterparts, many composite materials exhibit relatively greater strength characteristics as compared to the metallic materials. They are also comparatively lighter than the metals and thereby reducing the fuel cost per passenger in the vehicles. It is also believed that composites exhibit higher resistance to fatigue from repetitive use and thus reducing the maintenance cost of the vehicles and increasing the usage time. In reference to Long, A. C. (2005), the composite material can be defined as a material consisting of strong carry-load materials (reinforcements) embedded in a relatively weaker material (matrix). The purpose of the reinforcement is to provide the strength stiffness, rigidity and mechanical properties needed to support the structural load. The matrix on the other hand acts to provide a fixed orientation of the reinforcement and in many cases is more brittle. Question 1 Advantages of carbon fibre reinforced polymers in over metallics Carbon fibre reinforced polymers (CFRP is one of the classes of the composite...
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...5. While some people consider global warming to be the most pressing environmental problems which we have at the moment, others believe that deforestation has a more devastating impact on our world. Discuss both sides and give your opinion. Sample answer 1 It is a concern to many that global warming is becoming a most significant environment issue. Some believe that people should pay more attention on the issue of deforestation because it has a more serious influence on the world. In my opinion, the growing population is the core problem which we should firstly address. Global warming causes two serious environment problems. Firstly, it is increasing the global average temperature linearly and this is caused by the greenhouse gas which is highly unlikely to be reused. In other words, when the temperature starts rising, there are no tools or technologies to decrease it or even stop it. Secondly, land mass is reducing because the sea level is increasing considerably. For example, according to research, several islands will be submerged by the rising ocean volume in the next few decades resulting in global warming, leading to major environment issues. The deforestation is becoming an irreversible problem especially in the developing countries. These countries are biased towards deforestation for development of various economic reasons, therefore they overuse deforestation for resources such as wood. Once the trees and forests have be cut down, these affected areas need decades...
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...With reference to either Waste management in urban areas or Transport management in urban areas, discuss the extent to which sustainability can be achieved. Answer 1 (Transport) Sustainable management in urban areas is a constant theme for urban areas in both LEDCs and MEDCs. This essay will be based on whether transport management can be achieved sustainably and whether or not it is only transport management that can achieve sustainability or other aspects such as improved housing, preventing urban sprawl and protecting the environment also add to the possibility of achieving sustainability. Transport management in urban areas is approached differently in both LEDCs and MEDCs. However the problems as a result of increased congestion in cities are similar. Some of those problems include deliveries being late, causing businesses to slow down and therefore the economy of the area; increased car ownership and therefore congestion releases a lot of pollutants such as carbon dioxide and sulphur dioxide into the atmosphere. These cause problems such as acid rain when sulphur dioxide combines with water vapour forming sulphuric acid and carbon dioxide is a greenhouse gas so increased levels add to the greenhouse effect and therefore global warming. Increased car ownership also lacks sustainability in terms of natural resource use so managing this transport in cities is important. In MEDCs the problem of obesity is rife with one in four adults in the UK that are obese and 10% of children...
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...indeed needed. Firstly, release the workload of running at 99% capacity to satisfied current and forecast demand. Secondly, develop the competitiveness and UK economy in the competitors’ airports. Lastly, reduce the risk of working on the aviation industry once the existed runways have some problems then the Heathrow would lose business. This essay will show some stakeholders in favour as well as some stakeholders against for the event, Meanwhile, analyse the impact of the expansion at Heathrow on different stakeholders. Then, it will evaluate the common interests and conflicts with multiple stakeholders. The government is the most powerful stakeholder due to it had the power to decide whether the decision of expansion is carried out. The government considers that the new third runway would promote actively the economy. It will allow Heathrow to maintain its position as a global hub, create thousands of new jobs, generate economic growth and help UK businesses who need access to other major trading partners such as China and America. (Bized.co.uk, 2013) The government claimed that, the expansion of the airport would establish a new rail link between Heathrow and the north of England and Scotland. Lee Flindall illustrated it is estimated that a third runway at Heathrow will be worth seven billion pounds a year to the economy. (2009, p. 4) Geoff Hoon, the Transport Secretary，made an announcement that if cancel the project at Heathrow, the position of London as a centre of trade...
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