This is a paper that is focusing on the development of a facility and air pollutant report discussions. The paper also provides additional information in discussing the two case stories.

Development of a facility and air pollutant report discussions

ECON6018 Assignment 2020

1.       A development has been proposed that will result in a large industrial facility being constructed. It will be adjacent to a medium density residential area. The construction of the facility is projected to take 18 months. Creating physical waste as well as generating noise and some local traffic congestion, after which the facility goes into production. Once in production, the facility will generate air emissions that will affect air quality in the surrounding suburbs. There will also be occasional, discharges of liquid waste into the nearby waterway. Which is by local residents for picnicking and swimming in the warmer months. You are to evaluate the project. Prepare a brief report describing what you would consider in such an evaluation. Also, how you would classify the relevant benefits and costs, and how you would consider assigning monetary values to them (including what information you would need).
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Development of a facility and air pollutant report discussions

2.       Consider the following situation. There are two factories, each located in a different country, that emit an air pollutant. The air pollutant mostly affects the residents of a city not far from the factories, but which is located in a third country. The pollution is measured at the receptor in the city and the ambient standard is imposing of 30 units of pollution as maximum pollution allowed at the receptor. The environmental damage caused in the city is consider to be very high and rapidly increasing when it is above 30 units, whereas below 30 units the damages are fairly moderate and are growing, but very slowly.

The three countries are quite different in terms of their economic development in that Country 3 has considerably higher income per capita than Countries 1 and 2. On the other hand, Countries 1 and 2 have a much faster population growth rate than Country 3.  The environmental regulators of the three countries are meeting in order to find a solution to the problem. Key discussion points at the meeting are the alternative policy instruments that can be used to deal with the problem, as well as the possibilities for sustainable development of Countries 1 and 2, whose economies are highly dependent on the operation of the two Factories. When it comes to environmental policies, the discussions are going to be based on considering the desirable characteristics of alternative environmental policies, including price-based and quantity-based policies.


As far as the debate on sustainable development goes. The discussions are going to focus on various forms of capital related to the situation at hand. In addition, the impact of capital flows from Country 3 on the development and environmental performance of the economies of Countries 1 and 2 will be discussed. Indeed, the type of industry like the one represent by Factories 1 and 2 to be very prominent in Country 3 in the past. Although this is no longer the case. The representatives of the three countries will be considering possibilities for adopting alternative indicators of sustainable development. You have are to provide an opinion on the situation. In the following, please outline the key points that you would focus on in preparing that opinion.
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