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In response to such problems, U.S. Congress passed the Energy Independence and Security Act in 2007, which limits the amount of grain that can be converted into biofuels in favor of using agriculturally-derived cellulose, the chief constituent of the cell walls of plants. This has given rise to a large scientific and technological research and development program to devise economical ways to process cellulosic materials into ethanol, and parallel efforts to investigate new cellulosic cropping systems that include, for example, native grasses . Thus, the seemingly simple decision to grow our biofuels industry in response to a political objective has had unintended political, financial, dietary, social, land use, environmental quality, and technological consequences.

With hindsight, the multiple impacts of biofuels have become clear, and there is always the hope that we can learn from examples like this. But we might also ask if there is a way to foresee all or at least some of these impacts in advance, and adjust our designs, processes, and policies to take them into account and make more informed decisions, not just for biofuels but also for complex societal problems of a similar nature. This approach is the realm of the field of industrial ecology    , and the basis for the tool of life cycle assessment (LCA)    , a methodology that has been designed to perform holistic analyses of complex systems.

Industrial ecology

Many systems designed by humans focus on maximizing profitability for the firm, business or corporation. In most cases this means increasing production to meet demand for the products or services being delivered. An unfortunate byproduct of this is the creation of large amounts of waste, many of which have significant impacts if they enter the environment. Figure Human-Designed Industry is a general-purpose diagram of a typical manufacturing process, showing the inputs of materials and energy, the manufacturing of products, and the generation of wastes (the contents of the “manufacturing box” are generic and not meant to depict any particular industry—it could be a mine, a factory, a power plant, a city, or even a university). What many find surprising is the large disparity between the amounts of waste produced and the quantity of product delivered. Table Waste-to-Product Ratios for Selected Industries provides such information, in the form of waste-to-product ratios, for a few common industries.

Human-Designed Industry
Human-Designed Industry Generic representation of a human-designed industry. Source: Theis, T.

That industrial systems designed to maximize production and/or profits while ignoring wastes should be so materially inefficient is not surprising. As noted in the Module Sustainability and Public Policy , the impacts of wastes on human health and the environment have historically been ignored, or steeply underpriced, so that little incentive has existed to limit waste production. More recently laws have been enacted that attempt to force those responsible for waste emissions into a more appropriate accounting (see Chapters Environmental and Resource Economics and Modern Environmental Management for a fuller treatment of the laws, regulations, and practices used to incorporate society’s costs into the production chain). Once realistic costs are assigned to the waste sector, manufacturers are quick to innovate and investigate ways to eliminate them.

Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
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hi
LEMLEM
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Sammol
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Mahesh
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hi
Ruqayat
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hey
Sammol
hi
God
hello
Jahara
Good morning
Jorge
hi
abubakar
hi
Nmesoma
hi
Mahesh
Hi
Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, Sustainability: a comprehensive foundation. OpenStax CNX. Nov 11, 2013 Download for free at http://legacy.cnx.org/content/col11325/1.43
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