Sustainable Business Development Essay Example | Topics and Well Written Essays - 500 words - 1

Sustainable Business Development - Essay Example, burning of coal and line of descent of oil require abundant energy sources as well it places very high demands on pissing supply resources adding up to a huge and costly impact towards the merchandise process (Nehring 2009, 3074).Pollution results as a by-product of the process and is considered as a negative externality. The intersection of fogey fuels resulting in air and water pollution is through oil spills, dumping of the waste materials into water sourcesand emission of toxic gases into the environment. The more fossil fuel is produced, the more environmental pollution results (Levitan et al. 2014, 122). The companys producing the fuels may bear some of the associated cost of pollution, but not alland the remaining costs are borne by the society. Air pollution is associated with the production of greenhouse gases that are associated with climate change resulting in the occurrence of floods, droughts and loss of coastal la nd. It is important to set about property rights imposed by the government to control pollution emission. The government should also be twisty in introducing regulation rules, taxation and legislation in an effort of pollution control. This entails passing legislation much(prenominal) as clean air act to address the situation (Aydin et al. 2011, 201). The community should also be tough in reporting pollution matters to the authority to prevent negative externalities of pollution.The cost of fossil fuel production is very high. This entails the cost of labor of mining coal and drilling the oil, the cost involved in grammatical construction the energy generating plants, cost of transportation of the oil into plants for processing and the cost involved in the manufacturing of the final products. As a result, the fuel prices become expensive to the consumer. Fossil fuel is a non-renewable source of energy, and the reserves are finite (Mohr & Evans 2010, par 1). According to the rat e of extraction that takes place it will not take in addition long before the supply is exhausted. As a