Introduction to Environmental Economics

 

Show your work in all math exercises for full marks
I. GIS Assignment: Energy and the Environment (10 points)
Gas flaring, when associated gas produced from a reservoir during oil
production is flared or burned off, has been identified as a significant
contributor to climate change (World Bank GGFR). According to the World
Bank, ‘thousands of gas flares at oil production sites around the globe burn
approximately 140 billion cubic meters of natural gas annually, causing more
than 300 million tons of CO2 to be emitted to the atmosphere”. There is also
evidence that flaring can have significant negative health effects on
surrounding communities as well.
We’ll explore these issues here using data visualization in GeoDa. Remember to Label
your maps with a title that describes the map as well. And include map legends in all
maps.
1. 5pts First, NOAA has provided some detailed data on global gas flaring here:
http://skytruth.org/viirs/ . Included in the ‘hw2’ zip file is a shapefile of the world
(called “world_electricity”). The columns labeled “bcm_x” stand for billion cubic
meters of flared gas in year x. Create a map of the distribution of flared gas in
2016. Which countries were the top 5 countries for gas flaring in the world? Has
the top 5 ranking changed between 2012 and 2016?
2. 5 pts The world shapefile also includes columns showing the percentage of the
population in each country with access to electricity for each year where data is
available labeled “XYear” (so X2012 is the percentage of the population in each
country with access to electricity in year 2012). Create a map of the distribution
of access to electricity in 2012. What are the bottom 5 countries for access to
electricity in the world?
Given your observations of distributions of flares globally in question 1, what
would your suggestion be to a policy maker in a country interested in expanding
electricity access? (Assuming the optimal outcome for policymakers is 100%
access)
II. Solar panels and Cost Benefit Analysis (5 points)
You are considering an investment in energy conservation (solar panels on
your roof) that has a lifetime of 5 years. It will cost you $130 to install (these
are very inexpensive panels…) and will reap benefits in terms of energy saved
of $10 in year 1, $20 in year 2, $30 in year 3, $40 in year 4 and $50 in year 5
a. Would the installation be a good investment if your discount rate were a
constant 5% over the 5 years? Why or Why not?
III. Climate Change policy (5 points)
(Kolstad, 238). Suppose we have 100 different firms emitting pollution. The
Ministry of the Environment (MOE) currently regulates these firms by
requiring specific pollution control equipment to be installed by each firm.
The MOE is considering issuing tradable permits to each firm indicating how
much pollution the firm may emit. Permits would be issued in such a way as
to result in the same amount of pollution as the technology regulations.
Briefly (in one paragraph or less) discuss the implications of switching to
tradable permits on the likelihood of seeing research and development to
reduce the cost of pollution control.

Sample Solution

ago Boys did their best to dismantle Chile’s public sphere, auctioning off state enterprises and slashing financial and trade regulations (Klein 2010). Enormous wealth was created in this period but at a terrible cost: by the early 80s, Pinochet’s Friedman-prescribed policies had caused rapid de-industrialisation, a tenfold increase in unemployment and an explosion of distinctly unstable shantytowns. They also led to a crisis of corruption and debt so severe that, in 1982, Pinochet was forced to fire his key Chicago Boy advisers and nationalise several of the large deregulated financial institutions.

Conceptually, disaster capitalism relies upon a series of actions that take place after a disaster event. This includes (1) the displacement and disorientation of affected populations, (2) the prompt centralization of decision-making power: often via a state of emergency, (3) a call for immediate international aid and an appeal for long-term assistance from international financial institutions (IFIs), and (4) the relaxation or repeal of particular socio-economic regulations and the legislation of others (Klein 2005 and 2007). According to Klein (2007), shocks are not solely attributable to natural occurrences, but rather, result from a series of deliberate policy decisions. Often, unequal developmental patterns resulting from the implementation of neoliberal policies help to create a set of vulnerabilities that are borne out during a disaster event (Barber 1979: 370-373).

The inherent ‘shock’ associated with disasters, as noted by Olson and Gawronski, puts the affected communities emphasis back onto “essential material needs” (2010: 4), thereby sheltering policymakers from the public scrutiny associated with sweeping economic reform policies like privatizations, capital liberalization, and cuts in long-term government spending. Disasters create a shock in the public realm, a kind of disorientation where policy space is made available and must be acted upon immediately before the public regains their collective clarity and sense of normalcy.

Hurricane Katrina proved to be a watershed moment in the conceptualisation of Klein’s “disaster capitalism complex.”

Katrina was a category 4 storm, surging over 6 metres in height that made its landfall on the U.S. Gulf Coast on August 29, 2005. It is estimated to have impacted approximately 90,000 square miles through

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.