GHG Emissions Economic Analysis
Budget: £20 – £250 GBP
Green House Gas (GHG) Emissions and Economic Growth
The objective of writing this is to assess how well you are able to apply theoretical models to issues of GHG emissions and suggest appropriate policy measures. In this essay you would be required to demonstrate understanding of the theoretical models, along with contemporary journal articles, and create a reference list using APA style of referencing.
Your analysis should cover in detail the following aspects:
a) Explain how greenhouse gas emissions constitute a negative environmental externality using theory and graphical analysis (20 marks)
b) Evaluate the relationship between economic growth and greenhouse gas emissions using the Environmental Kuznets Curve hypothesis, demonstrate this relationship graphically using relevant data on carbon emissions [ World Development Indicators] and per capita income for any country of your choice [ World Bank] (30 marks)
c) 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)
d) Critically analyse the efficacy of the Pigouvian taxes and subsidies as a means to reduce greenhouse gas emissions, using relevant graphs and theory (20 marks)
e) 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)
The objective of writing this is to assess how well you are able to apply theoretical models to issues of GHG emissions and suggest appropriate policy measures. In this essay you would be required to demonstrate understanding of the theoretical models, along with contemporary journal articles, and create a reference list using APA style of referencing.
Your analysis should cover in detail the following aspects:
a) Explain how greenhouse gas emissions constitute a negative environmental externality using theory and graphical analysis (20 marks)
b) Evaluate the relationship between economic growth and greenhouse gas emissions using the Environmental Kuznets Curve hypothesis, demonstrate this relationship graphically using relevant data on carbon emissions [ World Development Indicators] and per capita income for any country of your choice [ World Bank] (30 marks)
c) 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)
d) Critically analyse the efficacy of the Pigouvian taxes and subsidies as a means to reduce greenhouse gas emissions, using relevant graphs and theory (20 marks)
e) 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)