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Economic impact of environmental industries
Economic impact of environmental industries
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Economic impact of environmental industries
Environmental industries, also known as green or clean industries, are a growing sector that includes companies and organizations that develop and implement environmentally-friendly practices, products, and technologies. These industries are important for reducing greenhouse gas emissions, preserving natural resources, and protecting the environment. Moreover, they also generate economic benefits by creating jobs, increasing investments, and boosting economic growth. This essay will examine the economic impact of environmental industries, including their contribution to employment, innovation, and economic growth.
One of the most significant economic impacts of environmental industries is job creation. These industries generate employment opportunities in various sectors, including manufacturing, renewable energy, and waste management. According to a report by the International Labour Organization (ILO), the green economy could create up to 24 million new jobs globally by 2030. In the United States alone, the Bureau of Labor Statistics (BLS) reported that the environmental sector employed approximately 2.7 million people in 2020. This includes jobs in solar and wind energy, environmental consulting, and green building construction, among others.
Moreover, environmental industries are also driving innovation and technological advancements. Companies in these industries are developing new and innovative technologies, such as renewable energy sources, sustainable agriculture practices, and energy-efficient products. These technologies not only help protect the environment but also create new markets and increase economic competitiveness. According to a study by the Organisation for Economic Co-operation and Development (OECD), investment in green innovation has been increasing, with public research and development spending on environmental technologies reaching $31 billion in 2016.
In addition to job creation and innovation, environmental industries also have a positive impact on economic growth. These industries contribute to gross domestic product (GDP) through various channels, including direct economic activity, value-added production, and exports. For instance, the ILO report estimated that the global transition to a green economy could increase global GDP by up to 2 percent by 2030. In addition, the OECD report found that the environmental goods and services sector accounted for 1.4 percent of global GDP in 2017, with the potential to grow further.
Furthermore, environmental industries can also help reduce costs associated with environmental damage and natural resource depletion. For instance, the adoption of renewable energy sources can reduce dependence on fossil fuels, which are associated with negative environmental impacts, such as air pollution and climate change. Additionally, the use of sustainable agriculture practices can help reduce soil erosion, water pollution, and deforestation. These practices can also help reduce the costs of food production and increase food security.
In conclusion, environmental industries have a significant economic impact, contributing to job creation, innovation, and economic growth. These industries are also important for reducing environmental damage and preserving natural resources. As such, governments and businesses should continue to invest in the development and implementation of environmentally-friendly practices, products, and technologies to realize the full economic potential of these industries.
Economic impact of environmental industries
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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