Chapter 3 – The Role of Government in Market Economy
“Harper pledges $1.5 billion for green energy”
Source: www.ctv.ca, January 18 2007
It has been reported that the Conservative government will spend $1.5 billion in the span of 10 years. The $1.5 billion will be invested to help improve Canada’s supplies of wind, tidal, biomass and green house energy. Stephan Harper announced the report on Friday that their investment will boost the amount of renewable energy to 4,000 megawatts a year. It is speculated that this long-term project will be comparable to taking one million cars off the road, in terms of greenhouse gas reductions. The purpose of the government’s large budget towards green energy is aimed towards cleaner air, lower greenhouse gas emissions, and brighter future for a greener and healthier Canada. Remarkably, the federal government expects to add enough clean renewable electricity for up to one million homes. Furthermore, the second part of the program, about $35 million, will be used towards industries to, “increase the adoption of clean renewable thermal technologies,” the government said. This announcement by the government was an addition to the $230 million plan towards research on clean technologies last Wednesday.
Relation to Chapter 3 – Government involvement in the environment, positive and negative third party effect
It appears as though global warming is becoming a huge issue and that the federal government is finally taking initiative by aiming for a greener and healthier Canada. If plans are carried out, the government’s involvement in the environment will be truly beneficial to the nation because if it was a free market, people will only care for themselves and not for the environment.
There are positive third-party effects, which will be beneficial now and in the future. The amount of harmful wastes and CO2 gas emissions to the earth will drastically be limited. Rising sea levels, altered patterns of agriculture and extreme weather conditions will also be less of a risk in the future. Since the government is funding so much money, manufacturers will start to create much more environmental friendly products that will not damage ecosystems. It is possible that the government may stop imposing excise taxes on products like air conditioners in automobiles that damage the environment (as described in the textbook) because a solution may be discovered from the green energy project.
Although the positive third-party effects are valid and strong for the reason that it benefits our health, there are still negative third-party effects. It is possible that the cost of living will increase since the prices of products; services and necessities will also increase for the reason that it usually costs more to enhance things. For example, hybrid cars are far more environmental friendly than normal cars but they are also more expensive. Due to increased costs, the government will cause the supply curve for most things to shift to the left.
In my opinion, I personally believe that the positive third-party effects will strongly benefit us and that the negative third-party effects are not as significant. It is about time the government set a side our tax dollars in effort to create a greener and healthier earth for us to live in. There is no point of ignoring the fact of global warming and spending money on other things if we are going to be swept away in a tsunami or boil to death.
Source: www.ctv.ca, January 18 2007
It has been reported that the Conservative government will spend $1.5 billion in the span of 10 years. The $1.5 billion will be invested to help improve Canada’s supplies of wind, tidal, biomass and green house energy. Stephan Harper announced the report on Friday that their investment will boost the amount of renewable energy to 4,000 megawatts a year. It is speculated that this long-term project will be comparable to taking one million cars off the road, in terms of greenhouse gas reductions. The purpose of the government’s large budget towards green energy is aimed towards cleaner air, lower greenhouse gas emissions, and brighter future for a greener and healthier Canada. Remarkably, the federal government expects to add enough clean renewable electricity for up to one million homes. Furthermore, the second part of the program, about $35 million, will be used towards industries to, “increase the adoption of clean renewable thermal technologies,” the government said. This announcement by the government was an addition to the $230 million plan towards research on clean technologies last Wednesday.
Relation to Chapter 3 – Government involvement in the environment, positive and negative third party effect
It appears as though global warming is becoming a huge issue and that the federal government is finally taking initiative by aiming for a greener and healthier Canada. If plans are carried out, the government’s involvement in the environment will be truly beneficial to the nation because if it was a free market, people will only care for themselves and not for the environment.
There are positive third-party effects, which will be beneficial now and in the future. The amount of harmful wastes and CO2 gas emissions to the earth will drastically be limited. Rising sea levels, altered patterns of agriculture and extreme weather conditions will also be less of a risk in the future. Since the government is funding so much money, manufacturers will start to create much more environmental friendly products that will not damage ecosystems. It is possible that the government may stop imposing excise taxes on products like air conditioners in automobiles that damage the environment (as described in the textbook) because a solution may be discovered from the green energy project.
Although the positive third-party effects are valid and strong for the reason that it benefits our health, there are still negative third-party effects. It is possible that the cost of living will increase since the prices of products; services and necessities will also increase for the reason that it usually costs more to enhance things. For example, hybrid cars are far more environmental friendly than normal cars but they are also more expensive. Due to increased costs, the government will cause the supply curve for most things to shift to the left.
In my opinion, I personally believe that the positive third-party effects will strongly benefit us and that the negative third-party effects are not as significant. It is about time the government set a side our tax dollars in effort to create a greener and healthier earth for us to live in. There is no point of ignoring the fact of global warming and spending money on other things if we are going to be swept away in a tsunami or boil to death.
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