Page 92 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Unit 5: Environmental Appraisal of Projects

the United States, for example, the Environmental Protective Agency estimates that up to 50% of Notes
the nation’s pollution is caused by industry. Because of its size and scope, industrial pollution is
a serious problem for the entire planet, especially in nations which are rapidly industrializing,
like China.

This form of pollution dates back to antiquity, but widespread industrial pollution accelerated
rapidly in the 1800s, with the start of the Industrial Revolution. The Industrial Revolution
mechanized means of production, allowing for a much greater volume of production, and
generating a corresponding increase in pollution. The problem was compounded by the use of
fuels like coal, which is notoriously unclean, and a poor understanding of the causes and
consequences of pollution.

There are a number of forms of industrial pollution. One of the most common is water pollution,
caused by dumping of industrial waste into waterways, or improper containment of waste,
which causes leakage into groundwater and waterways. Industrial pollution can also impact air
quality, and it can enter the soil, causing widespread environmental problems.

Because of the nature of the global environment, industrial pollution is never limited to industrial
nations. Samples of ice cores from Antarctica and the Arctic both show high levels of industrial
pollutants, illustrating the immense distances which pollutants can travel, and traces of industrial
pollutants have been identified in isolated human, animal, and plant populations as well.

Industrial pollution hurts the environment in a range of ways, and it has a negative impact on
human lives and health. Pollutants can kill animals and plants, imbalance ecosystems, degrade
air quality radically, damage buildings, and generally degrade quality of life. Factory workers
in areas with uncontrolled industrial pollution are especially vulnerable.

A growing awareness of factory pollution and its consequences has led to tighter restrictions on
pollution all over the world, with nations recognizing that they have an obligation to protect
themselves and their neighbors from pollution. However, industrial pollution also highlights
a growing issue: the desire of developing nations to achieve first world standards of living and
production. As these countries industrialize, they add to the global burden of industrial pollution,
triggering serious discussions and arguments about environmental responsibility and a desire
to reach a global agreement on pollution issues.

Self Assessment

Fill in the blanks:

1. ........................ analysis is nothing but identifying opportunities and threats affecting their
business.

2. ........................ and cultural environment refers to the influenced exercised by certain factors
which are beyond the company’s gate.

3. ........................ markets exist in every economy, so long as two or more individuals are
willing to undertake exchange transactions.

4. ........................ environment refers to all those economic factors which have a bearing on
the functioning of business.

5. ........................ party makes the policies of the government. Agenda of political party is
most influencing factor for the business development.

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