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Topic:

Adaptive Strategies on the Reduction Of Greenhouse Gas Emissions

Essay Instructions:

Project

4 key issues

́1) Describe the predicted climate change impacts on your chosen case or sector

́ 2) Discuss the rationale and the theoretical underpinnings of a carbon tax and compare it with the Direct Action Plan

́3) Identify various risks and opportunities for the chosen sector or firm in a carbon constrained world.

́ 4) Outline appropriate adaptation strategies
́ You can choosing a firm or a sector

structure of the report

  1. Title page

  2. Introduction, aim, structure of the essay

  3. Overview of the firm/sector

  4. Predicted climate impacts on the case

  5. Impacts of carbon policies (C tax, DA comparison)

  6. Risks and opportunities in a C constrained world

  7. Adaptation strategies

  8. Conclusions and recommendations

  9. Reference List

  10. Annexes (if any)

The Australian Government introduced a Carbon Tax in 2012 to mitigate greenhouse gas emissions and to tackle the serious environmental problem of climate change. The Coalition Government introduced a Direct Action Plan to replace the Carbon Tax and to achieve the same goal of greenhouse gas mitigation. Compare and contrast these two policies and evaluate the likely impacts of both policies on your selected corporate case or a sector by applying the knowledge gained from the course.

In your response, as a minimum, you should:

  1. Describe the predicted climate change impacts on your chosen case or sector.

  2. Discuss the rationale and the theoretical underpinnings of a carbon tax and compare it with the Direct Action Plan.

  3. Identify various risks and opportunities for the chosen sector or firm in a carbon constrained world.

  4. Outline appropriate adaptation strategies.

Grading criteria

  • Application of theories

  • Not detailed descriptions of theories but application

E.g. Frame the climate change problem as an externality – Explain why it is an externality and the type of externality?

Critical discussion and evaluation

  • What needs to be discussed:
    Predicted climate change impacts on your corporate case/sector

  • Based on your research, you should provide a brief discussion on impacts

  • Do not provide general information on climate impacts

  • A common mistake: CC impacts on your firm or your firm’s impacts on the climate?

Impacts of climate change policy

  • Rationale of carbon pricing (e.g. Carbon tax)

  • Arguments for direct government intervention (ERF)

  • A brief policy comparison between the tax and Direct Action Plan

Policy impacts on your case/sector

  • Liability under the carbon tax policy?

  • Has it sold emission reductions under direct action (ERF)? Where do I find this information?

Risks and opportunities

  • Identify risks from physical impacts

  • Identify business risks and opportunities arising from the policy settings

Adaptation strategies

  • Identify potential adaptation options

  • Critique adaptation plans; Could use the adaptation taxonomy discussed in Lecture 5a

  • If plans are not developed or not clear, suggest appropriate options

  • Demonstrate your problem solving skills
  • Focus and Analysis

  • Focus – firm or sector
    Needs specific information and analysis

  • Integrate with Module contents
    Show what you have learned from the Modules

  • Research – Substantiate all your claims ´Analysis, critique, evaluation
    Be smart with your use of contents ´Brevity – express much in few words

  • Be creative, use embed quality hyperlinks/online media for general information
Essay Sample Content Preview:

REDUCTION OF GREENHOUSE GAS EMISSIONS
Name of the Author
Name of the Class
Name of the professor
Name of the School
The City and State Where it is located
The Date
REDUCTION OF GREENHOUSE GAS EMISSIONS
Introduction
Australia has limitless efforts towards promoting a cleaner and safer environment to avoid climate change in the future. It participates in international climate agreements to reduce greenhouse gas emissions. Under the Kyoto Protocol, Australia agreed to decrease 5% below 2000 levels by 2020. The nation signed an agreement to reduce about 26% to 28% of greenhouse gas emissions below 2005 levels by 2030 under the Paris Agreement (Biswas, 2013, 736). Therefore, this nation is on track if it will meet the target by 2020. It came up with effective policies that will help in fulfilling their targets. The Department of Environment and Energy gives an account for frequent updates on carbon footprint in the country.
Australia has to reduce the emissions from all the sectors to meet the target above. Climate policy is a problematic and a political issue the entire country with several proposals to reduce greenhouse gas emissions (Sarkar, Sensarma and VanLoon, 2019, 456). The former government used a carbon pricing system to track many companies in the industrial sector. However, in 2012, the Abbott government repealed the mechanism of carbon pricing, as it introduced a direct action approach. Policy formulations are some of the efforts the country uses to reduce carbon waste emissions from the industrial sectors. Currently, the country has developed several policies to counteract greenhouse gas emissions in the entire nation.
Overview of the firm/sector
The local government sector aims reducing greenhouse gas emissions to the lowest levels possible. Local government works alongside the communities formulating projects and plans that limit the amount of carbon footprint. Project development and initiatives started at the community level by local government reduces emissions from households leading fulfillment of the country`s targets. The local government has less efficient street lighting programs such as solar projects replacing the initial poor lighting systems. The communities run the projects started by the local government, which gives the mandate to promote a pollution-free environment (Graham et al., 2018, 337). The local government supports the climate action plan reinforcing the businesses and organizations to produce free carbon products and services. Their support of companies with carbon emissions promotes a clear picture of the market sector moving towards a cleaner environment. Besides, the local government together with communities takes part in different environmental conservation programs to enhance carbon benefits to society.
Predicated climate impacts on the case
The local government fight potentially seeking solutions to climate change in various development programs in the entire country. The local government helps the country to fight climate change reality to achieve the target set by 2020 and 2030. Heat and drought is a common impact that affects the climate reality atmosphere and land. Australia is hot and dry and it will get hotter and drier with the emissions of the greenhouse gases to the atmosphere (Chan, 2018, 23). Therefore, any rise in temperature endangers the lives of people, plants, water bodies, and wild animals. The scientific records indicate that the temperature rose from 4-7 degrees Celsius, which is a great threat to life forms. Bushfires or wildfires due to climate change that has become a reality in the years the 1950s in the northern parts. Likewise, the condition seems to spread to other parts such as the eastern and southern parts of the country. The climatic condition is on the verge of increasing due to hotter and drier climate change of the entire country.
Australians depend on agriculture and livestock substances. A rise in temperature because hot and dry conditions will lead to reduced production from the agriculture sector (Castro et al., 2019, 322). For instance, it will disrupt food security in the country. People will starve dying of hunger and starvation due to low food production. The other climatic impact of greenhouse gas emissions is the decay of Ocean and the Great Barrier Reef. The increased levels of carbon (IV) oxide are killing the reef causing acidity of the ocean. The high temperatures warm the oceans that lead to high levels of acidic in the oceans. It leads to the corals turning white via a process called coral bleaching.
Impacts of carbon policies
Many industrial sectors preferred carbon pricing before the adoption of the direct action plan. The method involves the local government to set the prices of the carbon, which the companies have to pay according to the number of carbon footprints emitted (Nelson, 2015, 268). It enables the market to determine the level of carbon they have to reduce over time. This was advantageous to the companies, though, harmful to the state of climate change. The business and the industries were in charge of the number of carbon emissions. The mechanism increased the local government revenue that can be essential for compensation encouraging productivity and developing a low emission technology (Muthu, 2017, 92). However, it has adverse effects on productivity growth as well as incomes. For instance, the local government can tax more of the companies leading to low production levels in the industrial sectors.
However, a direct action strategy is an approach that replaced the carbon-pricing mechanism. The method allows the local government to intervene directly to industries and households to reduce the level of carbon footprints. It is a strict mechanism where the local government can close some of the factories and some plants to lower down the emissions. Furthermore, the local government can subsidies some companies for lowering the level of carbon gas emissions to avoid climate change. The...
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