Environmental Economics Essay Example | Topics and Well Written Essays - 750 words - 2

Environmental Economics - turn out ExampleThe article, Food Waste Is Becoming Serious Economic and Environmental Issue, Report Says, was authored by Ron Nixon and print in The New York Times on February 25, 2015. The article provides research findings on the huge impact of viands drive away on the economy and the environment. The figures used include United States wasting nutrition valued at $162 trillion and amounting to 60 million metric tons and that 1/3 of diet produced globally is non consumed but end up as waste costing $400 billion annually. A step-down in food waste, according to the article of between 20 and 50 percent by 20130 would issuing in saving of between $120 and $300 billion annually (Ron, Par. 4). The article projects an increase of food waste cost to $600 billion if the problem is not tamed and links the contribution of food waste to climate change owing to the use of fertilizer, water, and land in vast amounts in food exertion (Ron, Par. 8). Food waste relates to global change through the decomposition in landfills resulting in the production of methane amounting to 3.3 billion metric tons in a yearly (Ron, Par. 9). That is 7% of worlds greenhouse float emission only surpassed by China and the United States, depicted the high global warming personal effects it results and the cost in millions of food waste. The article then provides measures being taken to combat the issue of food waste including the provision of grants to consumers and local businesses and non-profits for recycling of food waste to compost in Hennepin County, Minnesota. Clarifying release dates, sale of small amounts of food, donation of excess food, and changing manufacturing processes are some of the measures being taken to subjugate food waste.Economics plays an important role in the food waste problem where there is a demand for food with 870 million people going hungry while food is wasted in industrialized countries. The concepts of the scarcity of resou rces and distribution of wealth and resources globally