Make discussion post with at leas 180 words
Climate Change in the US (Present): Discuss how climate change is already impacting certain businesses in the US.
2. Climate Change in Arizona (Future): Discuss how climate change may impact Arizona businesses in the future.
3. Carbon Trading Today: Discuss some of the carbon trading systems in existence today.
4. Carbon Emissions from Automobiles: What are the carbon emissions from your automobile using the method shown in one of the readings?
5. Carbon Emissions and Investment Risk: Discuss how the investment community views risk due to climate change.
6. Carbon Cap and Trade Programs.: Share your opinion on carbon cap and trade programs.
Climate change is usually brought as a result of global warming. Global warming increases temperature levels as a result of the damage of the ozone layer, due to greenhouse gasses(Royal Society and the US National Academy of Sciences). The United States has been at the forefront in discussions relating to climate change because of it being among the major countries that are responsible for global warming. This is as a result of it being very industrialized and hence many of its industries are responsible for the largest contribution of the greenhouse gases. Climate change impacts businesses in various ways. Since it causes irregular and very unpredictable weather patterns, people doing business are never aware if a rain falling might cause floods and hence that flood may end up damaging the good in the business or even hinder the process of transporting good from the business to the ever needing customers(US EPA). Further climate change may cause a rise in temperature that may make it so hard to carry out business normally.
Climate change in Arizona is likely to bring more harm than good. One of the ways that the scientists investigate climate change is through the rise in the temperatures. Arizona, even today usually has very high incidences of fires. Such fire incidences are usually known as the wildfire that is not caused by anyone in particular but comes as a result of the high temperatures. The weathermen predict that in the future and as the climate continues to change, there will be a lot of wildfires(Epa and Change Division). This is likely to affect businesses in areas if Arizona in various ways. For instance, such fires may spread up to the household of a person. If such a thing happens then various operations regarding anyone affected will be brought to a standstill as the main focus will be on how to avert the danger or how to start over after the fires incident. These with many other things that the fires can bring along will practically make the economic processes in Arizona stop and thus businesses will be affected greatly.
Carbon trading is a form of trade that is prescribed under international law through the Kyoto Protocol. Basically what the trading involves is a way of trying to prevent carbon emission by factoring trade inside. One of the ways that are provided in the protocol is emission trading which focuses on the concept of units. Here, each country is given an emission unit. An emission unit is an extent to which a country can release the greenhouse gases to the atmosphere(Pindyck). One’s a country has exhausted its units, it can but other units from a country that still has the units. This is what is called the emission trading or as many would refer to it, as the carbon trading. The most industrialized countries in the world are usually given very smaller units. The reason for this being that they have for many years been responsible for the release of the gases(Betsill). With this, many of the industrialized countries usually participate in carbon trading in a very large way because of the nature of their industries as compared to the units of emission that they are given.
One of the key contributors to environmental pollution is vehicle emissions. The gases produced by the automobile contain Carbon which is toxic for human health as well as animals. Carbon (C) also contributes to global warming which is disastrous to human and animal lives. Though there are steps being taken to counteract the emission of this poisonous gas, its implementation and effects are very minor. It is essential for people to minimize the amount of Carbon emitted to the environment in order to reduce the greenhouse effect, respiratory illnesses, the suffocation of plants and animals due to lack of oxygen. Failure to deal with this menace is dreadful to the entire world and should be taken with utmost seriousness. Individuals can estimate the amount of carbon emitted from their cars by determining the number of distance (miles) covered by the vehicle per month and dividing the whole distance by the overall miles gallon the used vehicle consumes (Ki-Hoon 1218). The results will amount to the total fuel consumed during the month. To ascertain the amount of carbon emitted from the vehicle, multiply the results with 19.4 pounds of C.
The impact of climate change is so crucial that investors cannot ignore it. The climate highly influences major industrial sectors such as the agricultural sector, tourism, and energy institutions such as gas and oil (Mark 5). Investors who have specialized in agriculture highly depend on rainfall to grow their crops. They harvest water during the rainy season and store it for irrigation. Others drill boreholes to get the water. However, climatic changes alter the rain pattern hence interfering with the farming schedule. As a result, many investors lose the capital injected in the sector. The tourism industry is driven by the presence of the world animals and beautiful sceneries. Climatic changes adversely affect the lives of the animals and the environment. Adverse climate conditions lead to drought which leads to death of animals, drying up of rivers, and plants. These calamities hinder tourists from visiting such areas hence a loss to the investors. The energy industry is highly influenced by climate change, especially in the gas and oil sectors. Unfavorable climate conditions highly affect the production of oil and gas hence leading to their depletion.
The carbon cap consists of various rules and regulations that curb environmental pollution (Bird, Lori, Holt, and Carroll 2065). These policies are implemented by the government and there penalties and punishments for the violators. On the other hand, trade programs allow companies to purchase and sell allowances that permit them to emit an estimated amount of gases. This measure allows the companies to emit fewer gases in order to save on the expenses incurred. Though the cap and trade programs are meant to aid in environmental conservation, they barely perform as mandated. This is because the polluting companies always get away with it. The system established to deter companies from polluting are weak and don’t have a close follow-up. Some of the organizations that are unfriendly to the environment are owned by politicians and rich tycoons who come up with these laws. As a result, the laws are weak and don’t perform as expected since they are biased. The government ought to be strict on the cap and trade programs for them to be effective. The perpetrators should be highly punished to deter those of the same mind from degrading the environment.
Betsill, M. M. “Mitigating Climate Change in US Cities: Opportunities and Obstacles.” Local Environment, 2001, doi:10.1080/13549830120091699.
Bird, Lori A., Edward Holt, and Ghita Levenstein Carroll. “Implications of carbon cap-and-trade for US voluntary renewable energy markets.” Energy policy 36.6 (2008): 2063-2073.
Epa, Us, and Climate Change Division. “Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990-2014 – Main Text.” 1990-2015, 1990, doi:EPA 430-P-17-001.
Lee, Ki-Hoon. “Integrating carbon footprint into supply chain management: the case of Hyundai Motor Company (HMC) in the automobile industry.” Journal of cleaner production 19.11 (2011): 1216-1223
McHenry, Mark P. “Agricultural bio-char production, renewable energy generation and farm carbon sequestration in Western Australia: Certainty, uncertainty and risk.” Agriculture, Ecosystems & Environment 129.1-3 (2009): 1-7.
Pindyck, Robert S. “Climate Change Policy: What Do the Models Tell Us?” Journal of Economic Literature, 2013, doi:10.1257/jel.51.3.860.
Royal Society and the US National Academy of Sciences. “Climate Change Evidence & Causes.” Climate Change, 2014.
US EPA. “Climate Change Indicators in the United States 2016.” Climate Change Indicators, 2016, doi:10.1016/j.ajodo.2007.08.016.