Nimble entrepreneurs seek solutions to air quality crisis | The Guardian

With 55% of Chinese consumers looking to reduce pollution exposure and a London mayor focused on clean air policies, the market is growing

Source: Nimble entrepreneurs seek solutions to air quality crisis | Guardian Small Business Network | The Guardian

A standard market failure essay question would ask you to consider whether government intervention is required to correct a market failure or would it be best left to market forces. This article explores the role of the latter in the context of air pollution and the growth in the number of firms producing goods to both monitor and reduce the impact of air pollution.

Advertisements

The world’s largest cruise ship and its supersized pollution problem | Environment | The Guardian

As Harmony of the Seas sets sail from Southampton docks on Sunday she will leave behind a trail of pollution – a toxic problem that is growing as the cruise industry and its ships get ever bigger

Source: The world’s largest cruise ship and its supersized pollution problem | Environment | The Guardian

Super-sized cruise-liners offer their owners significant economies of scale, which helps to bring down unit costs and prices, making cruising affordable to the masses. However, it comes with a social cost that is not reflected in the market price. Cruise ships emit very large levels of toxins that adversely effect the atmosphere, in particular where they dock. In addition to the noise and air pollution generated by the liner itself, local residents can also expect to see increased congestion as passengers come and go. Clearly some benefit from increased trade thanks to the spending of holidaymakers, but does this increased income cover the additional external costs?