Question

In: Mechanical Engineering

The UK’s Department of Energy and Climate Change (DECC) has an annual budget of £500 million...

The UK’s Department of Energy and Climate Change (DECC) has an annual budget of £500 million to spend on national initiatives to tackle climate change. This budget may be spent in three main policy areas: (1) mitigation, (2) adaptation or (3) geoengineering. Which area do you think should receive the largest portion of the budget? Justify your choice.

PLEASE DO IT IN COMPUTER

Solutions

Expert Solution

The largest portion of fund shoud be spend for adaptation.

The long-term nature of climate change combined with the uncertainties that exist in projections (for example, on the pace of change, and regional effects), is acting as a significant barrier to decision-making on climate change policies (and policies affected by climate change) and may lead to inappropriate adaptation or inaction when it is needed most.

Diverse and substantial ways in which overseas impacts of climate change will affect the UK’s political, economic and social interests. So  it is important to provide a robust foundation for further work and for prioritising adaptation strategies.


Related Solutions

Climate change is affected by: Interactions between the land and the atmosphere The earth's energy balance...
Climate change is affected by: Interactions between the land and the atmosphere The earth's energy balance Cold fronts Warm fronts Snowstorms Interactions between the land and the oceans Interactions between the oceans and the atmosphere
1. What is the first-best policy instrument to mitigate climate change in the energy industry? How...
1. What is the first-best policy instrument to mitigate climate change in the energy industry? How does the performance of subsidies for renewable energy compare with the first-best policy? (Response can be in list form here.) 2. What is the first-best time-varying pricing solution and why? With the growth of renewable energy, what does it additionally aim to address?
What is the first-best policy instrument to mitigate climate change in the energy industry? How does...
What is the first-best policy instrument to mitigate climate change in the energy industry? How does the performance of subsidies for renewable energy compare with the first-best policy? (Response can be in list form here.)
How do companies address climate change in their annual reports and other corporate documents? Are these...
How do companies address climate change in their annual reports and other corporate documents? Are these sources convincing to stakeholders?
Suppose Jon Snow decides to buy 500 shares of Winterfell, Inc., a climate change research firm....
Suppose Jon Snow decides to buy 500 shares of Winterfell, Inc., a climate change research firm. The price of the stock is $60 per share at the time he buys the stock. Jon decides to borrow $10,000 from his broker to help pay for the purchase. The interest rate on the loan is 7%. What is the margin in Jon Snow’s account when he initially purchases the stock? (5 Points) Winterfell announces its statistical models for climate change are flawed...
1. Technological Advancement of other source of energy, 2.Environmental climate change in canada , 3.Changes in...
1. Technological Advancement of other source of energy, 2.Environmental climate change in canada , 3.Changes in the economic situation can contribute to buying decision of the consumer .How they are THREAT to the SOLAR PANEL INDUSTRY in canada
It is beyond doubt that the deforestation has a negative impact on the climate change. Does...
It is beyond doubt that the deforestation has a negative impact on the climate change. Does it also have negative effects on the economic growth of Brazil.
The Dream Corp has annual credit sales of $2.5 million. Current expenses for the collection department...
The Dream Corp has annual credit sales of $2.5 million. Current expenses for the collection department are $40,000, bad-debt losses are 1.00%, and the days sales outstanding is 25 days. The firm is considering easing its collection efforts such that collection expenses will be reduced to $28,000 per year. The change is expected to increase bad-debt losses to 2.5% and to increase the days sales outstanding to 61 days. In addition, sales are expected to increase to $2.8 million per...
The Boyd Corporation has annual credit sales of $2.57 million. Current expenses for the collection department...
The Boyd Corporation has annual credit sales of $2.57 million. Current expenses for the collection department are $44,000, bad-debt losses are 1.5%, and the days sales outstanding is 30 days. The firm is considering easing its collection efforts such that collection expenses will be reduced to $26,000 per year. The change is expected to increase bad-debt losses to 2.5% and to increase the days sales outstanding to 45 days. In addition, sales are expected to increase to $2,595,000 per year....
The Boyd Corporation has annual credit sales of $1.73 million. Current expenses for the collection department...
The Boyd Corporation has annual credit sales of $1.73 million. Current expenses for the collection department are $43,000, bad-debt losses are 1.8%, and the days sales outstanding is 30 days. The firm is considering easing its collection efforts such that collection expenses will be reduced to $27,000 per year. The change is expected to increase bad-debt losses to 2.8% and to increase the days sales outstanding to 45 days. In addition, sales are expected to increase to $1,755,000 per year....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT