, ECS4862 Assignment 3 (COMPLETE
ANSWERS) 2024 - DUE 16 August
2024 ;100 % TRUSTED workings,
explanations and solutions
Economists describe climate change as a market failure
due to the inability of organisations to account for the
release of greenhouse gases into the atmosphere during
production and consumption processes. Which industries
or firms in your country contribute a lot to climate
change, how do they contribute and what should be
done to mitigate the environmental impact of these
firms? What does the Kyoto protocol and the Paris
agreement propose to minimise the negative impact of
climate change?
1. Industries Contributing to Climate Change in South
Africa
Industries and Firms:
Energy Sector: The energy sector, particularly coal-
fired power plants, is the largest contributor to
greenhouse gas (GHG) emissions in South Africa.
Eskom, the country’s primary electricity supplier,
ANSWERS) 2024 - DUE 16 August
2024 ;100 % TRUSTED workings,
explanations and solutions
Economists describe climate change as a market failure
due to the inability of organisations to account for the
release of greenhouse gases into the atmosphere during
production and consumption processes. Which industries
or firms in your country contribute a lot to climate
change, how do they contribute and what should be
done to mitigate the environmental impact of these
firms? What does the Kyoto protocol and the Paris
agreement propose to minimise the negative impact of
climate change?
1. Industries Contributing to Climate Change in South
Africa
Industries and Firms:
Energy Sector: The energy sector, particularly coal-
fired power plants, is the largest contributor to
greenhouse gas (GHG) emissions in South Africa.
Eskom, the country’s primary electricity supplier,
