environment degradation is the cost justified
TRANSCRIPT
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MANAGERIAL ECONOMICSENVIRONMENTAL
DEGRADATION IS THE COST
JUSTIFIED?PRESENTED BY:ABHISHEK SOMAL ROLLNO-2GAUTAM SHARMA ROLL NO-19RAHUL BAGGA ROLL NO- 40
ANUJ SHARMA ROLL NO- 63
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INTRODUCTION
Environmental degradation an issue ofincreasing concern for all of us.
The deterioration of the environment through
depletion of resources, such as air, water andsoil.
The destruction of ecosystems and theextinction of wildlife.
We only have one Earth to work with, and iftheenvironment is irreparablycompromised, it could mean theend of
human existence.
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EFFECTS of Environmental
Degradation
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DISEASE CAUSED BY
DEGRADATION
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Skin Cancer Cases Projection
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WATER POLLUTION
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Scarcity Of Fresh Water
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Water Pollution
British Petroleum Oil spill,The GULF OF MEXICO
Largest marine oil spill in history of petroleum industry causing immense waterpollution, happened on 20thApril, 2010.
Deep water Horizon drilling rig explosion killing 11 platform workers and injured 17
others.Releasing 4.9 million barrels of crude oil.
Causing extensive damage to marine and wildlife habitats.
Effecting Gulfs Fishing and Tourism industries.
Heavy clean up cost and damage effecting the economic factor.
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BP Spill ( contd.)
Effect on economy due to this water pollution
Total insured losses from accident could reach $ 30 million as of now.
Market value of British Petroleum decreasing from $105 billion to $ 60 billion.
Unemployed oil workers for six months due to moratorium on drilling.
Real Estate prices and transaction in Gulf Of Mexico area has decreased.
Extensive Damage to Marine and Wildlife habitats.
Gulfs fishing and tourism industry highly effected extensively effecting the economy.
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AIR POLLUTION
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AIR POLLUTION
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GRAY SMOG
CHINAS GRAY SMOG
Thick Gray Smog pollution obscures the view of Beijing and nearby and nearbyregions.
Citys pollution index reached the highest level on scale.
Air pollution resulting premature deaths and respiratory problems causing healthissues.
Acid rain effects 33% of chinas population as per NYT.com.
75% of Chinas city dwellers line below the countrys acceptable air quality standard.
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GRAY SMOG (contd.)
Economic consequences due air pollution
Annual average economic losses from air pollution is 7.2 billion Yuan.
Losing 6.75 percent of national GNP fighting against air pollution.
Human health losses to 32 percent due to air pollution in China.
Acid rain resulting in approximately 14 billion Yuan of economic losses on annualbasis.
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SOIL DEGRADATION
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Condition of Soil Globally
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Deforestation
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ECONOMIC EFFECT OF
ENVIRONMENTAL DEGRADATION
FRESHWATER POLLUTION BY PHOSPHOROUS ANDNITROGEN .
SPENDING $4.3 BILLION ANNUALY ON WATERPURIFICATION BY AMERICANS .
INCREASING WATER BILLS
MORE MONEY SPEND ON TREATMENT FOR WATER
PURIFYING. PRODUCTIVITY IS EFFECTED.
SHORTAGE OF EVIRONMENTAL RESOURCES SUCHAS DECLINE FISHRIES LEADING TO IRREVERSIBLE
COMPACTION.
Water Pollution
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VEHICLES AND INDUSTRIAL ACTIVITIESARE THE MAIN CAUSES OF AIR POLLUTIONEFFECTING PRODUCTIVITY DURING
CRITICAL PERIOD OF ENVIRONMENTALDEGRADATION.
POLLUTION CAUSING ACID RAIN ANDREDUCTION OF OXYGEN IN ATMOSPHERE
EFFECTING FOREST ANDW
ATER BODIES. $2.3 BILLION IS BEEN EXPENDED EVERY
YEAR BY GOVERNMENT ON AIRPOLLUTION.
Air Pollution
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AGRICULTURAL PRODCTIVITY EFFECTED
DEPLETION OF SOIL INCREASINGMALNUTRITION FOR FARMERS.
TILING OF LAND
LOSS OF PRODUCTIVITY LOSS OF TOP
SOIL EFFECTING AGRICULTURAL GOODSDUE TO CONSTANT TILING OF THE LAND.
LOSS OF NUTRIENTS FROM RICH TOP SOIL
Soil Pollution
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LOSS OF BIODIVERSITY
DIRECT ECONOMIC VALUE OFPRODUCTS FROM SPECIES.
THE INDIRECT ECONOMIC VALUE OF
BENEFIT PRODUCED BY SPECIES. NUTRIENT RECYCLING IN
ECOSYSTEM.
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CONCLUSION
COUNTRY ENVIRONMENTAL
DEGRADATION (% OF
GDP)
REMARKS
CHINA 8%Air and water pollution damages were nearly $54
billion a year or 8% of the GDP in 1995. Somescholars have estimated the burden of
environmental pollution at 5% of GDP. Loss dueto deforestation alone is a staggering 12%.
INDIA 4.5 TO 8% Environmental cost assessment by scholars variesfrom 4.5% to 5% of GDP due to air pollution,
groundwater mining, and deteriorating quality of
aquifers, land degradation and deforestation.
Annual economic costs of air pollution,
contaminated water, soil degradation, anddeforestation were estimated to be 8% of GDP by
Tata Energy Resource Institute (TERI)
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ENVIRONMENTALDEGRDATION
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Environmental Kuznet Curve
Use better technologyand practices to counterenvironmentaldegradationBetter Implementationof Environmental LawsCost of Defianceshould be more thanCost of ComplainceTransparent practicesby Corporation and
Public SectorChange tendency forshort term quick profits
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SAVE EARTH