What is meant by government regulation of business firms

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Reference no: EM132949607

Task:

Read the article titled "Climate change: Australia wrestles with its coal mining dilemma" here is the link for artical: file:///C:/Users/MsTrang/Downloads/Climate%20change_%20Australia%20Case2%20(1).pdf

  1. "What we are actually doing is trying to maximize profits in the endgame," he adds. "That's why there is a rush to approve new coal mines. We know that in 30 years' time no one will be buying coal. But if we flood the market and push the price down, we can still sell some for the next 15 years." Critically evaluate this statement using TWO utilitarianism-based arguments.
  2. As the CEO of a large Australian mining company that is significantly affected by the global decrease of demand for coal, explain THREE ways in which you could promote SDG 13: Climate Action in your company according to Kantianism.
  3. If you as an employee identified significant unethical activity in a large coal mining company, using Kantianism, explain THREE reasons on why you would blow the whistle.
  4. Identify and explain how the profit motive and the Friedman Doctrine is connected to the capitalist business model. Explain using an example how SDG13: Climate Action is trying to encourage businesses to consider profit in a broader way to promote sustainability.
  5. Outline and explain how conspicuous consumption identified by Juliet Schor's, 'Why do we consume so much?' (2001), has caused over-consumption. Explain with the use of an example how acting as an ethical consumer can assist in reducing the amount of over-consumption in the economy.
  6. Explain what is meant by government regulation of business firms in the area of environmental protection. Identify and explain ONE key advantage and ONE key disadvantage of government regulation in the protection of the environment.

Reference no: EM132949607

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