The External Costs of the Salmon Industry of Chile

This is a great short documentary that presents the external costs of industrial salmon farming in Chile. While obviously this is not suitable for a commentary as it's a video (and was published in 2019), it still gives a good insight into negative externalities of production. Therefore, it is a clear example of [...]

By |2021-09-13T12:58:57+00:00September 22nd, 2021|Micro|Comments Off on The External Costs of the Salmon Industry of Chile

When “going green” kills – the hidden costs of denuclearizing Germany

Wired: Germany Rejected Nuclear Power—and Deadly Emissions Spiked Article published: Jan 23, 2020 IB Economics syllabus: Microeconomics, (market failure, negative externalities of production, sustainability) The social costs of "going green": it was believed that shutting down nuclear power plants in Germany is a step forward to sustainability. However, a recent study shows that this has led [...]

By |2020-02-06T15:34:42+00:00February 3rd, 2020|Micro|Comments Off on When “going green” kills – the hidden costs of denuclearizing Germany

Cobalt production leads to 10,000 families losing their homes in DR Congo

The North Africa Post: DR Congo to relocate 10,000 families from cobalt-rich region Article published: Dec 18, 2019 IB Economics syllabus: microeconomics (negative externalities of production) Authorities in the Democratic Republic of Congo plan to relocate 10,000 families from a town which is rich in cobalt. This is due to the fact that the resource is worth [...]

By |2019-12-27T13:58:56+00:00December 21st, 2019|Micro|Comments Off on Cobalt production leads to 10,000 families losing their homes in DR Congo

No water available in Australian school

The Guardian: Queensland school runs out of water as commercial bottlers harvest local supplies Article published: Dec 12, 2019 IB Economics syllabus: Microeconomics (demand & supply, market failure, sustainability) "The Tamborine Mountain state school has run out of water, even as water miners in the Gold Coast hinterland are sending millions of litres to commercial bottling [...]

By |2019-12-16T19:58:36+00:00December 16th, 2019|Micro|Comments Off on No water available in Australian school

Oil transportation taxed in Canada

Reuters: Canada demands oil trains carry more insurance, levy imposed Article published: Feb 21, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics The negative externality of railway oil transportation is taxed by the Canadian Transport Minister. Perfect topic to look into the negative externality of production. Another recent [...]

By |2017-08-23T11:00:58+00:00February 22nd, 2015|Micro|Comments Off on Oil transportation taxed in Canada

Pollution causes numerous deaths in Chinese village

The Guardian: Chinese government investigates 'cancer village' pollution case Article published: Dec 10, 2014 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market failure, negative externalities) The negative externalities of production (in the form of severe pollution) is causing people to die of cancer in the Chinese village of Taoyuan. Source of [...]

By |2017-08-23T11:03:06+00:00December 10th, 2014|Micro|Comments Off on Pollution causes numerous deaths in Chinese village
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