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6.03 Project Milestone 2
Transcript of 6.03 Project Milestone 2
Give three possible solutions to the environmental issue you are investigating.
1. Use water wisely. Turn off any sinks when not in use and try to limit your shower time. With less water used, there is less water to pollute.
2. Don't apply fertilizer and pesticides before a heavy rain storm, to prevent run off of chemicals into sewer water.
3. Promote water efficiency such as irrigation, appliances, and in buildings.
Why would some people oppose the solutions you have chosen?
People would oppose some of my solutions because of money. Having clean water consist of expensive irrigation systems and constant watch. With the right funding though, we could find ways to get the money for new clean water systems or even a cleaner water plant (factory). Another solution people would oppose is the fertilizer and pesticides. Buying the right kind and the safe type of fertilizer is yet again, expensive. People have no time and patience to buy a cleaner fertilizer unless we aware them of the dangers they put into our water.
What positive or negative externalities does this issue present at each sector of the economy?
Government- Provide funding and money for new and efficient water system (negative)
Households- Buy water filters, keep up on water supply and water usage. As well as keep yard and outside clean and non toxic to water. (negative)
Businesses- Make money off selling newer water systems, more expensive fertilizer, etc. As well as provide new jobs for cleaner factories for new water plants. (positive)
Rest of the world- Keep up on water status and watch imported water from the US. As well as keeping the water contamination fro,m spreading. (negative)
What incentives do individuals, businesses, and government have to act on each possible solution?
For individuals, they can expect cleaner water to drink and use. They would have no worries for further contamination's and live an easier life. Business, will expect an increase in water safety related goods and more jobs from the new water plants that provide cleaner water systems. The government will expect happier civilians and less worry on the safety of their state and can continue to trade with outside countries.
What are the externalities, both positive and negative that could result from each possible solution?
1. Water companies would lose money (negative). People would save money and keep water pollution down to a minimum (positive).
2. Fertilizer and pesticides companies would lose money from less demand of their products and people lawns wouldn't be as protected ( negative). Contaminated run off would be low and water would be clean ( positive).
3. More spending on expensive water cleaning systems (negative). Cleaner water and less worry about the water that people are drinking ( positive).