We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economics of Environment and Energy - Essay Example

Comments (0)
Summary
ECONOMICS OF ENVIRONMENT AND ENERGY Name: Course: Instructor: Date: Economics of environment and energy Transitioning to a Low Carbon Economy – Markets and Government Carbon dioxide emission into the atmosphere has been a concern across the globe owing to the effects created…
Download full paper
GRAB THE BEST PAPER
Economics of Environment and Energy
Read TextPreview

Extract of sample
Economics of Environment and Energy

Download file to see previous pages... This applies especially to those who only view environmental concerns, as anti-economic Transitioning to a low carbon economy is indispensable if the world is to continue uninterrupted by environmental degradation. Researchers have made a prediction that continued greenhouse gas emissions would result in a rise of temperature by 6°C before 22nd century. This temperature rise will result in problems such as drought and floods, global instability, public health related deaths and rampant migrations of people. All these problems will befall the world community including the UK. For the world to avoid these disastrous effects, global carbon dioxide emissions must fall to at least 50% below the levels of 1990 by the year 2050 (DECC, 2011,pp 3). This will ensure that world temperatures will not rise more than 2°C. In some past UN talks, the European Union promised to cut carbon dioxide emissions to 20% below the levels of 1990 by the year 2020. To reduce carbon dioxide emissions and fund emissions cuts in developing countries, the European Union has created the world’s largest emissions scheme (Leticia et al, 2012). The transition to reduce carbon dioxide emissions will happen but not without challenges. The UK will face the challenge of getting alternative energy sources that are environmentally friendly to run industries. Climate change needs urgent solutions to prevent ecological catastrophes, political and economic instability, and human suffering. According to Lund (2009, p.88), efforts to minimize greenhouse gas emissions will provide international security and improve energy, new economic opportunities, a fair society and a better environment. This paper will deal with energy consumption trends and prices in the UK, role of competitive markets in delivering the low carbon economy and government’s intervention in fostering the economy. The trends in energy consumption and prices have been on the rise in the whole world with the challenges of employing the use of environmentally sources of energy. Energy production of 2010 was down by 5.3% compared to the 2009 production in the United Kingdom (DECC, 2012, pp 2). Energy consumption normally becomes high during cold seasons, and thus in a cold year we expect a rise in energy consumption. This happens because people use lots of energy to keep warm their dwellings during cold times. In 2010, the final energy consumption rose by 4.4% while primary consumption of energy was up by 3.2%. However, the primary consumption on the temperature-adjusted basis fell down by 0.4 per cent. This happened because the average temperatures of the year 2010 were 1.1°C below those of 2009. The year 2010 saw the UK remaining a net energy importer, importing 28 per cent of its energy requirement. Because of reduced nuclear output due to outages, imports of liquefied natural gas increased. The tables below show the final energy consumption in the year 2010. By users Sector Percentage Transport 35.0 Domestic 30.5 Non-energy use 5.5 Iron and steel industry 1.0 Other industries 16.5 Other final users 11.5 By fuels Type of fuel Percentage consumption Natural gas 33.0 Electricity 17.5 Petroleum 45.5 Others 4.0 The final total energy consumption was 159.1 million tones of oil equivalent. From the tables, we can see that UK had increased dependency on fossil fuels, and the transport sector was the leading consumer of total energy consumption. In the fourth quarter of 2011, total energy production fell by 13% as compared to the productions in the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Renewable Energy
Renewable energy is the energy that is generated from such natural resources as wind, rain, sunlight, geothermal heat and tides that can be replenished naturally. Approximately 16% of all energy that was consumed in the world was generated from these renewable sources. 3% came from new renewables like small hydro, wind and bio fuels
4 Pages(1000 words)Essay
Energy security and energy securitization
At the same time, the human needs for energy cannot be ignored. In countries with an extremely high population, such as China or India, allocating and securing energy could be considered as the most critical concern of the local governments. It should be noted that the distribution of energy sources worldwide is not equal, meaning that there are countries with high reserves of various forms of energy, or high potentials to produce energy, while for other countries the access to energy is problematic (Muller-Kraenner 2008).
8 Pages(2000 words)Essay
An analysis of Palm Malls Management Information System
This basic purpose of this project is to develop an MIS for Palm Mall which will automate some of the important business functions. This system will be used for the management of Palm Mall’s working and operations. This application will make use of an automated BAR-Code detection system to detect the product details.
6 Pages(1500 words)Term Paper
Economics of Energy and Environment
According to the report in the United Kingdom, different sectors utilise energy for varied purposes and in diverse extents. The domestic sector in the UK is accountable for using almost 34% of energy. The demand for domestic energy is recognised to be increasing by a considerable extent of which oil use is over 70 million tonnes per annum.
15 Pages(3750 words)Essay
Economics, Consumerism and the Environment
(Carbon Catalog) The Kyoto Protocol was the first international effort seeking the solution of alarming green house effect. The concept of carbon offset emerged as a consequence of Kyoto Protocol. The carbon offset is a kind of credit on the restriction on
2 Pages(500 words)Essay
Economics Environment
udget deficit situation in an economy also emerge when the government wants to opt for a deficit financing methodology to finance the public projects by increasing the amount of expenditure over the amount of tax collection. For implementing a budget deficit plan the government
6 Pages(1500 words)Essay
Renewable Energy
been going to replace silica with a mixture of other cheaper elements thereby providing us with a low cost alternative to silica based photovoltaic panels. Moreover solar powered homes can sell the extra electricity back to grid at a good price. The use of solar energy also
3 Pages(750 words)Essay
How dose Hydropower energy effect the environment in the State of Wyoming
The energy contained in the flowing water is derived from the sun, therefore; it can be renewed constantly. According to various researchers, hydropower is considered
3 Pages(750 words)Essay
Economics of the environment
There are various effects of climatic change, and research is still in progress to determine the extent of occurrence of climatic change and the potential impacts (Copeland and Scott 7-71). The
10 Pages(2500 words)Essay
COFFEE TRENDS
Coffee contains caffeine and an average cup of coffee entails 100 mg of caffeine in it (Weinberg and Bealer 228). Caffeine increases brain, heart and muscle activity and subsequently a person
4 Pages(1000 words)Essay
Energy and Environment
The country must show its genuine commitment towards lowering carbon emissions so as to gain the credibility to coax other countries who are also major polluters to cut theirs. However, energy sufficiency and climate change have been emotive issues in the United States political landscape.
6 Pages(1500 words)Research Paper
Let us find you another Essay on topic Economics of Environment and Energy for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us