Question

In: Economics

describe the power struggle in Iceland. What is a comparable environmental issue in the U.S. that...

describe the power struggle in Iceland. What is a comparable environmental issue in the U.S. that is a struggle between corporation and environmentalists.

Solutions

Expert Solution

Answer:

The power struggle in Iceland:

Iceland has a very tense and long history of power struggles where the country has seen many upside booms and downside falls in their economic situations.

the government has tried several times to stabilize the situation but eventually, none of their works proved to be fruitful in so many years.

Lastly, in order to come out of this economic disaster, they have decided to turn out the natural resources available in the country into renewable energy.

Iceland has a vast majority of glacial rivers and a lot of islands with volcanic soils.

These islands largely covered by volcanic soils are in fact a very good opportunity to produces energy in the form of Geothermal power.

The large Glacial rivers too provide a very good opportunity in the field of hydro electrical power.

Now, in order to monetize such a large and enormous capacity, so as to generate revenue the government of Iceland has started to attract various aluminium companies which ranked among the world's most energy-intensive industries, thereby setting up shops.

Companies like Century Aluminium and many other companies already have smelters operating there, and they are planning for numerous other plants as well.

However,later on, these industrial expansions have hit them severely by damming up rivers. The drilling going on into pristine geothermal fields and thus destroying the habitats.

The local environmentalists also started protesting loudly, as the setting up of a large number of industries comes up with a cost and hence they started there revolt by seeking to protect some of the world's most unique and unspoiled areas of Iceland.

The local environmentalists are continuously insisting on their demand for the use of clean energy for the global industrial needs rather than using coal powered smelters globally and is a matter of discussion in entire Iceland for the last few years.

Environmental issue in the U.S. that is a struggle between corporation and environmentalists:

The United States is now on a deeply troubling paradox as the various environmental organizations have grown in strength with sophistication, but the environment has continued to go downside, which shows us the prospect of a ruined planet in the near future.

The corporates have varied interests which can harm the environment and our surroundings in the long run. In the developing countries, there are so many developmental projects have been launched which later come under criticism for damaging the environment, even when they are presented like as helping the environment in a positive way.

There is a whole list of companies which are known to have contributed towards some of the severe human rights violations and causing environmental problems.

it is seen that a very small number of companies are there in each industry who are integrating various social and environmental factors into their business decisions actively.

for example,

Companies like Walmart are destroying the environment by emitting millions of tons of CO2 every year.

They are encouraging waste by selling out low-quality goods and building large warehouse-sized stores in entire America.

Putting an end to large scale pollution is a cause of concern for everyone but despite considerable efforts shown by the corporates, these companies do have a detrimental impact on the environment in some or other ways.

One such issue related to the environment influencing both environmentalists and the big corporates in the U.S is the Kyoto Global Climate Change Conference outcome, where the developed countries have agreed to maintain specific targets for cutting out their level of emissions of greenhouse gases.

Here a general framework was defined for the entire purpose, with specifications to be detailed thereon over the next several years.

Now, A lot of Big industries in the U.S has presented their arguments against the Kyoto conference and Global Warming, claiming that it will hurt the global economy and will affect people's jobs in large numbers.

The Kyoto Climate Change Conference thus ended in a tragedy and a farce with no conclusive and fruitful results.

conclusion :

Hence, this leads us to the conclusion on whether fighting climate change requires peoples and big corporates to think about the future beyond themselves or whether it should be neglected as always in order to generate revenues for a stable and growing economy.


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