Environmental- Economics Case Study Example | Topics and Well Written Essays - 500 words

Environmental- Economics - Case Study Example The solution to the problem was found in china through the creation and implementation of the energy laws that were created by the Central goverment. This is because the government of China has been aware of the environmental problems. There were several policies that were introduced in the effort to find a solution for the energy environment problems. One of these was the Environmental Protection Law for trial Implementation, which was created in 1979. Provisions to protect the environment were also made within the constitution in 1982 in addition to the Article 26 of the constitution which requires that the state provides protection and improvement of the environment where people and other ecological organisms live through the reduction of pollution. These laws and policies were also established to make it possible to practically apply the governmental environmental policies. In addition, this kind of depletion and exhaustion of resources called for the reduction in the used of ene rgy in the production and consumption areas. There was also a need to save the energy and use methods that were friendly to the environment and to promote technological innovations that would reduce the intensity of energy while at the same time increasing its efficiency as illustrated in Shanghai (Fig. 1). This was enabled by the enactment of the conservation laws and the application of economic incentives whereby the used of energy would be regulated and the emission of pollutants limited (Economy & Lieberthal, 2007). At this point, the main people who were affected by the particular policy included the producers and manufacturers who were required to use energy efficient means of production. The consumers would also be affected as either the prices of goods would go up or the number of products made available would reduce (Wheeler, Susmita & Hua, 2003). For the successful