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BSB113 Economics Research Essay

   

Added on  2021-06-17

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Page 1 of 9BSB113 ECONOMICS SEMESTER 1 2018ASSESSMENT 2: RESEARCH ESSAY
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Page 2 of 9Table of contents1.0 Introduction..........................................................................................................................32.0 Contribution of livestock digestion on the greenhouse gas emission..................................33.0 The impacts of livestock digestion, emission of greenhouse gas on the economicefficiency of the market.............................................................................................................44.0 Analysis of the policies to reduce the livestock industry’s carbon emission.......................64.1 A livestock methane tax on producers..............................................................................64.2 A non- price policy on the producers...............................................................................64.3 The increase in the preferences for substitutes for meats.................................................65.0 Conclusion............................................................................................................................7Reference....................................................................................................................................8
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Page 3 of 91.0 Introduction Australia is one of the most successful and efficient producers of livestock products. In termsof export of red meat, this country is the largest. Livestock industry also contributes to asignificant portion of the overall GDP of the country. However, one of the main problemsassociated with the livestock industry is the digestion and the wastes which create pressure onthe absorption capacity of the environment. Each year, the global livestock industry emitsmore than 7 gigatonnes of carbon dioxide (Beavan, 2018). Carbon Dioxide is one of theharmful greenhouse gases that influence the global climate as well. Again, the excessiveemission of carbon dioxide is not only bad for the environment; it also disrupts the efficiencyof the economy as well. Therefore, this has become a serious concern for governments andconcerned authorities. The aim of this paper is to examine the contribution of the livestock onthe emission level, the impact it has on the economy and the policies that government maytake in order to mitigate the problems. 2.0 Contribution of livestock digestion on the greenhouse gas emissionThe contribution of livestock on the emission level of carbon dioxide is immense. Misra &Verma (2017) stated that globally 7.1 gigatonnes of carbon dioxide, which is known as aharmful greenhouse gas is produced from this sector. The case is also same for Australia,which is considered a big and successful exporter of livestock and meat products. Ganendraet al. (2015) stated that out of all the greenhouse gas emission in the country, emission fromthe livestock industry is around 14.5%. It is important to note in this case that, cattle accountfor most of the emissions in the case of Australia. Globally, the cattle, both for the milk andbeef production contributed to 65% of the overall greenhouse gas emission (Dangal et al.2017). The activities of the livestock such as the feed production and the food processingcontribute to 49% and 35% of overall emission of carbon dioxide.
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