Question

In: Accounting

On October 8th 2020, a CBC article was published that detailed the investment of public funds...

On October 8th 2020, a CBC article was published that detailed the investment of public funds by both the governments of Canada and Ontario into Ford Motor Company to help them upgrade their Oakville plant for the production of electric vehicles. This upgrade will make the Oakville plant Ford’s largest electric vehicle factory in North America. Both governments described their investment as a “win-win” because they promote employment, technology innovation and “our transition to a low-carbon, clean-growth economy.”

a) Perhaps Ford Motor Company’s decision to accelerate their capacity to manufacture electric vehicles signals their understanding of planetary boundaries. If this were the case, and drawing on concepts from class on business and the natural world, how would electric vehicle production lessen the stress on any specific planetary boundary, and would this strategic shift reflect an adaptation strategy, a mitigation strategy, or both? Explain.

Solutions

Expert Solution

Ford Motors Company's decision to produce electric vehicle help lessen the stress on planetary boundries especially the Interference with the nitrogen and phosphorus cycle.Human activities have been affecting nitrogen and phosphorus cycle through various method.Reactive nitrogen produced by human activities such as use of fertilizers, burning of fossil fuels in factories and vehicle pollutes waterways,coast etc in the form of acid rain.Acid rain effect the production capacity of the vegetation ,corrodes metal and pollutes water and soil .Conversion to electric vehicle reduce the burning of fossil fuel and and thus lessen the stress on interference with nitrogen and phosporus cycle.Electric vehicle also help reduce the factors such as air pollutant and other particulat that causes climate change which is also a palnetary boundry.Thus use production or conversion to electric vehicle affect most of the planetary boundries.

Mitigation strategy aims at tackling the causes and impact of climate change. Adaptation strategy help in reducing the negative effect it already created.Fords decision to accelarate production of electric vehcile can be viewed as a strategic shift reflecting both mitigation and adaption.Since the electric vehicle reduces the causes of various problems such as climate changes,interference with nitrogen and phosphorus cycle,chemical pollution etc accelarated producton of electric vehicle can be viewed as mitigation strategy.It can also be viewed as a adaptation strategy since it reduces the negative impact already caused.

Please comment if there is any doubt


Related Solutions

(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to balance of payments and/or...
(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to balance of payments and/or foreign exchange markets. Summarize the content of the article. The source of the article should be provided in the reference. (b) Discuss the article selected in part (a) using relevant economic concepts and theories from A) Balance of Payment/ B)Determinants of Import and Export/ C) Demand and Supply of Foreign Exchange/ D) Equilibrium Exchange Rate. You can provide additional information beyond the textbook and...
Critically evaluate the Governance, Ethics and Accountability for Public Funds (Requesting a detailed assistance on this...
Critically evaluate the Governance, Ethics and Accountability for Public Funds (Requesting a detailed assistance on this so please do not spoil it with short and off topic answers)
(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to international trade and/or political...
(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to international trade and/or political economy of trade. Summarize the content of the article in your own words. The source of the article should be provided in the reference. (3 marks; maximum 80 words excluding the references; state the number of words used at the end of your answer) (b) Discuss the article selected in part (a) using relevant economic concepts and theories from Topic 4 and/or Topic 5...
(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to international trade and/or political...
(a) Select a newspaper/magazine/Internet article published in 2019-2020 that is related to international trade and/or political economy of trade. Summarize the content of the article. The source of the article should be provided in the reference. (b) Discuss the article selected in part (a) using relevant economic concepts and theories from Instruments of Trade Policy Political Arguments for Intervention Economic Arguments for Intervention Managerial Implications Absolute Advantage Theory Comparative Advantage Theory Heckscher-Ohlin Theory New Trade Theory Product Life Cycle Theory...
Consider public policy on the market for loanable funds and discuss how it affects investment, private...
Consider public policy on the market for loanable funds and discuss how it affects investment, private saving and public saving. If the households would believe that greater government borrowing today implies higher taxes to pay off the government debt in the future, how would this affect private saving and supply of loanable funds today?
Summarize what you learned from the IMF article about public investment. How would you expect an...
Summarize what you learned from the IMF article about public investment. How would you expect an increase in spending on private investment to impact the debt/GDP ratio for the U.S.?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT