Munich Personal RePEc Archive

It is time to re-think on environment, energy and economics (E3)

Buscemi, Antonino and Yallwe, Alem Hagos (2011): It is time to re-think on environment, energy and economics (E3). Published in: Rivista elettronica di diritto, economia e management , Vol. nr. 2 , No. ISSN 2039-4926 (August 2011): pp. 85-104.

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Abstract

Abstract: The paper summarized some theories and facts related to Environment, Energy and Economics. This work paper provides some highlights about the theoretical issues and facts regarding to environmental pollutions and its effect on economy and the importance of relying on other source energy to fulfil the increasing demand of power or electricity. Moreover, the paper also discussed by making comparison between industrialized and developing countries about their effect on environment and their capacity in producing nuclear energy and production level and also the link between environmental science and economics. This paper concluded that the industrialized countries are not fulfilling their commitments. About 7 Billion Metric Tons of carbon equivalent harmful greenhouse gases are omitted by industrialized countries every year and the share of U.S.A is 24% followed by Japan & Developed European Nations which accounts 26%. Whereas developing nations contributes 13% other than china. Currently only eight countries are known to have a nuclear weapons capability and sixty further nuclear power reactors are under construction, equivalent to 17% of existing capacity, while over 150 are firmly planned, equivalent to 46% of present capacity. Sixteen countries depend on nuclear power for at least a quarter of their electricity. From developed countries, France is the first country that gets around three quarters of its power from nuclear energy. Whereas most developing countries under design and some of them have small share as compared to industrialized countries. After the disaster in Japan, many countries have changed policies on the implementation of nuclear power plants. In addition, the Italian Parliament was suspended for one year, the work of approving projects on the production of energy through nuclear power plants.

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