Sustainable Development & Responsible Business
Instructions on Assessment:
This assessment comprises of a 3000-word research paper on the following topic:
Green House Gas (GHG) Emissions and Economic Growth
The objective of writing this assignment is to assess how well you are able to apply the theoretical models covered in class to issues of GHG emissions and suggest appropriate policy measures. In this assignment you would be required to demonstrate understanding of the theoretical models covered in the textbook, along with contemporary journal articles, and create a reference list using APA style of referencing.
Your analysis should cover in detail the following aspects:
Explain how greenhouse gas emissions constitute a negative environmental externality using theory and graphical analysis. (10 marks)
Sustainable Development & Responsible Business
Evaluate the relationship between economic growth and greenhouse gas emissions using the Environmental Kuznets Curve (EKC) hypothesis. Plot the EKC using data on carbon emissions and GDP per capita from World Development Indicators for a country of your choice between 1990-2010.
Analyse the graph and comment on whether the EKC hypothesis holds true in this case. Use relevant academic literature in your analysis. (20 marks)
Critically analyse the efficacy of the tradable pollution permits (cap and trade) as a means to reduce greenhouse gas emissions, using relevant graphs and literature (20 marks)
Critically analyse the efficacy of the Pigouvian taxes and subsidies as a means to reduce greenhouse gas emissions, using relevant graphs (20 marks)
Sustainable Development & Responsible Business
Discuss three ways in which businesses can help to move towards a green economic growth trajectory so that the prerogatives of continued economic growth and environmental protection may be balanced. Evaluate the Deposit Refund Scheme covered in Lecture 2 using graphs. (20 marks)
Your assignment should include an “Introduction” section at the beginning and “Conclusion” at the end. More specifically, the “Introduction” section should briefly explain the content of your assignment and a short description of its objective. In this section you are expected to concisely link your assignment to the existing relevant literature (i.e.: at least to one economic article previously published on the topic). The
“Conclusion” section should summarize your assignment and emphasize your findings. (10 marks)
APA.