Environmental Impact of Aviation Essay Example for Free

Environmental Impact of Aviation Essay Today, the world is bothered by the environmental issues reverberating in different parts of the world. Part of this environmental issue is focused on global warming. As part of the whole world’s response on the important concern, laws and policies have been drafted. Some of the known environmental policies are Clean Air Act and the Kyoto Protocol. Meanwhile, the Kyoto Protocol is an agreement between different nations, mainly industrialized, adopted on December 1997 in Kyoto, Japan (United Nations Framework Convention on Climate Change, 2008). The central function of the protocol is to set a target on the greenhouse gas emission for member countries (United Nations Framework Convention on Climate Change, 2008). This is to further reduce the impending consequences of the greenhouse effect. Since the report of international scientist that climate change is worsening, all sector of the society and all nations have been invited to participate in activities primarily to help cut gas emissions. Each government of member nations also implemented programs in order to reduce the gas emission that is aggravating the global environment situation. For the past years, the reality of the phenomenon has been severally debated, even among politicians. Eventually, environment was considered as priority in the policy making. Additionally, the international concern on global warming has reached every sector, big or small, in the society. Among the business sectors, rules and regulations have also been adopted internationally in order that a standard of environmentally hazardous substances be eliminated or minimized. An example could be the non use of lead. In Europe, the Restriction on Hazardous Substances was adopted and imposed upon all its suppliers worldwide (ROHS, 2008). According to the guidelines, minimum amount of the hazardous substances should be maintained. Hence, quality of the product depends on the substances comprising the product. The environmental issue, however, is not only limited to gas emissions and global warming. Instead it covers all kinds of pollution. In the field of aviation, policies and guidelines on environmental compliance also apply. Aviation plays a vital role in transportation. It is the easiest, fastest, and more convenient means in transporting people and goods from one border to another or from nation to nation. Being an essential factor in the growth of economy, it also has an essential contribution to global warming and other environmental problems. Remarkably, the aviation contributes to various environmental problems. One of the major problems faced by aviation industry is the noise pollution being suffered by the residence nearby airports (Kutz, 2008). At present, the aviation is one among the growing business opportunities. Since new and more improved planes have been introduced, the air traffic also increases. As such, there is also intensification of the environmental concerns. The second environmental problem affecting the industry is the climate change. Climate change is the foremost environmental phenomenon that is bothering the international community. In addition, it is believed to be the cause of the drastic change in weather and the emergence of illnesses. The third major problem being caused by aviation is the poor air quality (Kutz, 2008). All these environmental concerns are mandated by laws to be addressed by the aviation industry. In the field of aviation, BAA is widely known for being the world’s leading airport company (House of Commons, et. al. , 2004). At present, it is operating eight airports namely; Heathrow, Gatwick, Stansted, Glasgow, Edinburgh, Aberdeen, Southampton, and Naples (BAA, 2008). At present, its success still continues to shine and more developments are being planned in the future. In a report propounded by the BAA for year 2005-2006, the company laid down in details the achievements and plans of each airport. Aside from that, it also presented its financial statement to show the financial operation of the company. At a glance, the company has indeed a successful and is in a stable financial status. The over-all operation and employee handling are excellent. According to Mick Temple, Divisional Director, the company recognizes the existence of the environmental issues (Temple). But, the report of BAA did not actually addressed all issue about environment related to airline or airport. In addition, the BAA presented its report in a categorical yet orderly manner. After presenting the achievements, developments, and plans of each airport, the BAA also discussed issues faced by the company. It has specified corporate responsibilities. In scrutinizing the report, the BAA did not actually address all environmental problems. As stated earlier, aviation industry is challenged by problems on poor air quality, noise pollution, and climate change. In the report of the BAA, the report laid down the corporate responsibilities of the company but in a summarized and general form. Although it has addressed all the problems cited, it did not actually specified its future plan, present programs, current status and its over-all stand on the impending environmental problems. In addressing the environmental problem on air quality, the report stated its concern on the problem that is affecting both local and national (Temple). Notably, airports around emits nitrogen dioxide and other fine particles that have negative effect on heath and environment (BAA, 2008). In addition, it has stressed on government’s declaration of Heathrow’s compliance to EU Air Quality Standard (Temple). Contributing to poor air quality, however, are M4 and M25 traffic (BAA, 2008). Likewise, the report merely added measures it can implement in order to comply with the standard. These measures include â€Å"investing in public transport, promoting alternative fuels for airport- based vehicles, and using charges to penalise aircraft with poorer emissions standards† (Temple, p. 35). However, no other reports were propounded to show that these measures have been adopted. Furthermore, the company merely reiterates its desire to review its emission while extending help to other companies with regard to the problem. As to noise pollution, the aviation is considered as one among the major contributor due to noise caused by take offs and landings? taxiing, and engine tests (BAA, 2008). With regard to BAA’s stand on noise pollution, the company has laid down its strategies in minimizing the noise. In addition, it stated its desire to work with local government, airlines, and air traffic controllers to jointly implement these strategies. First strategy is the encouragement on the use of quieter new aircraft and engine by the manufacturers (Temple). The second strategy is giving reward to those airlines using a quieter aircrafts. The fourth strategy is the improvement of compliance with quieter operating practices (Temple). The last strategy is concerned with updates of information by keeping the noise-sufferers informed better (Temple). Today, the company is doing its part in addressing the complaints of those affected by the noise of airports. Furthermore, on the most relevant environmental issue on climate change, the company proudly stressed its target of 15% reduction on its carbon dioxide emission by 2010, which is even higher than the standard (Temple). The company’s strategy is focused on energy efficiency and renewable energy (Temple). Moreover, it has also implied its adherence to Emission trading which allows business incapable of achieving the target to buy permits from those industries that are capable but only within an overall cap (Temple). At present, the company is lobbying for the recognition of the emission trading to be an acceptable mechanism in greenhouse gas emission. In addition, in its desire to reduce the impact of climate change, the company is committed in investing into new energy efficient technology, sourcing out more renewable energy, reducing emissions of vehicles in the airport, among others (BAA, 2008). Based on the above mentioned, the report of BAA may be said to have mentioned the major environmental problems faced by airlines and airports. However, it was not able to state its impact on environment. It did not also laid down the programs it has adopted to address the issue. But nevertheless, it has recognized its role in the environment. By looking into the context of the report, is can be said that the company has been unfairly assessed. It is unfair on the reason that the report presented more on the developments, future plans, and achievements of the company but did not directly addressed on the corporate responsibilities. It is true that corporate responsibility have been included in the middle part, but there is no clear stand of the company. The report stressed on the company’s plan to expand, increase passengers, intensify investment but there are no more details as to the company’s action on environmental issues. Significantly, it did not state any of its achievements in helping in the abatement of the environmental problems. It merely presented it strategies but no update has been included as to the implementation and status of the company. Interestingly, the report of the Managing Directors of each airport has concentrated on the importance of shareholders. Hence, the report was concentrated on the good sides about the company. Airports and airlines are considered as one among the places vulnerable of being attacked by terrorist groups. Notably, in 2007, Glasgow Airport has been attacked by terrorists (BAA, 2008). On that very threatening day, the company has been given an idea on the loopholes on the airport’s security. It is also of no doubt that millions of passengers and employees come in and out of the airport. In line with this, the treat of terrorism has made passenger paranoid about safety. Hence, it is but necessary that safety should be the paramount concern of the company. In response to the attack in July, 2007, the company declared its dedication in making its passengers secure. As part of its response, the company has closely worked with the Department for Transport (DfT) for guidance on its security measures (Temple). Moreover, in concurrence with the government’s standard, the company has conducted a full range review of its security systems (Temple). In order to show its sincerity in making its airports secured and safe, the company has started using technological innovations such as hold-baggage screening, new security screening and x-ray screening (Temple). In line with the company’s purpose of ensuring safety and health of its passengers and employees, policies and programs have been adopted. Additionally, according to the report, the company’s stance on security is that it is considering it as a crucial issue. Aside from its possible effect on the company’s reputation, it also recognizes its effect on passengers’ experiences. As such, the company works closely with the government agencies, armed forces, and police force in order to upgrade its security system and match with that of government security (Temple). Furthermore, it has committed itself to comply with regulations concerning safety. In accordance with this, the Health, Safety, Security and Environment (HSSE) Executive Committee have been founded with the primary goal of determining and addressing these issues affecting the company (Temple). With the growing environmental concern, some say that aviation industry is not a sustainable business. However, BAA has proven this statement wrong. In order that environmental issue be addressed and at the same time maintain or increase the profitability of the company, the company may enhance its training on environmental awareness to its employees and passengers. In addition, carbon dioxide emission can be reduced through the use of biodeisel and other alternative energy. Moreover, through reducing its flight, the company could decrease its environmental impact but can increase profit because all flights would be certainly be filled. Another measure could be on the retail sector. Since the airports are open for stores, environmental measures should also be imposed upon them. Some of the policy that can be adopted is the ban on non-recyclable things. Through this measure, all waste coming from stores would be put to recycling areas. Finally, the company could enhance its pro- environment policies despite cost on its part. This way, the cost would be repaid by the loyalty and continued patronage of the passengers. References BAA. (2008). Corporate Responsibility. Retrieved October 31, 2008, from http://www. baa. com/portal/site/default/menuitem. a875fc32913746f398a5e186c02865a0/. House of Commons, Great Britain Parliament Environment, Food and Rural Affairs Committee. (2004). International Challenge of Climate. London: The Stationery Office. Kutz, M. (2008). Environmentally Conscious Transportation. London: John Wiley and Sons. ROHS. (2008). Restriction on the Use of hazardous Substances (ROHS). Retrieved October 31, 2008, from http://www. rohs. gov. uk/. Temple, M. (2008). BAA Annual Report 2005/06. Corporate Responsibility. Retrieved October 31, 2008, from http://www. baa. com/assets//B2CPortal/Static%20Files/BAA_Annualreport_05-06. pdf. United Nations Framework Convention on Climate Change. (2008). Kyoto Protocol. Retrieved October 31, 2008, from http://unfccc. int/kyoto_protocol/items/2830. php.

Wings :: Essays Papers

Wings Calvin Coolidge once said, The chief business of the American people is business. This statement is as true today as it was when Coolidge said it because America is largely defined by the nature of the businesses that drive its economy. One of the major economy driving businesses in America is Boeing, an aircraft production company with plants all over the United States. The aircraft produced by Boeing are used for military and commuter services. The Boeing 747 commuter jet has become the symbol of the company, and a great symbol of what America is all about. Diversity, efficiency, and creativity are terms used to describe America, but now they are being used by the Boeing Company to describe the Boeing 747. Nothing on the surface of the Boeing 747 would lead one to believe diversity could be related to it in any way at all, but if one considers the production and the materials of the airplane itself, it is easy to realize that the Boeing 747 is, in fact, diverse. People from all over the world with parts from all over the world produce the Boeing 747 in factories located throughout the United States. Just like America, the Boeing 747 has a tradition of resiliency because of the hard work and dedication of the people who fuel its production. Diversity allows continual change for the better to take place; America and the Boeing 747 are no exception to the rule. Speed and efficiency have been the most important attributes of any means of transportation produced in the United States since the Industrial Revolution, and considering the fact that the Boeing 747 is capable of delivering hundreds of passengers to a desired location on time, one could safely say that the Boeing 747 is quick and efficient. For the most part, people in America and on the Boeing 747 are there because they have goals and destinations that they want to reach as quickly as possible. The Boeing 747 and America provide Americans and foreigners alike with the opportunity to get where they want to go without wasting time. Any decrease in the speed and efficiency Americans have come to expect from the Boeing 747 would mark the beginning of the end of its wide spread use and existence. Perhaps the most important factor going in to creating something like the Boeing 747 is creativity itself.

State Bank of India vs Icici

? STATE BANK OF INDIA. SBI Debt-Equity ratio : 12. 43 (march'12) A high debt/equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense. If a lot of  debt is  used to finance increased  operations (high debt to equity), the company could potentially generate more earnings  than it would have without this  outside financing. If this were to increase earnings by a greater amount than the debt cost (interest), then the shareholders benefit as  more  earnings are being spread among the same amount of shareholders.However, the cost of this debt financing may  outweigh the return that  the company  generates on the debt through investment and business activities and become too much for the company to handle. This can lead to bankruptcy, which would leave shareholders with nothing. The debt/equity ratio also depends on the industry  in which the c ompany operates. For example, capital-intensive industries such as auto  manufacturing tend to have a debt/equity ratio above 2, while personal computer companies have a debt/equity of under 0. 5. ICICI BANK LTD. ?ICICI Debt Equity ratio: 4. 23 (march'12) Which is the better bank? As we said earlier, SBI's government backing makes it the more ‘safer' entity. ICICI by itself does not have the reputation of good quality assets. But it is certainly striving to achieve the same. Both in terms of margins and returns, SBI has had an edge and will continue to have it in the medium term. Having said that investors must carefully weigh the future prospects of both the entities vis-a-vis their respective valuations before taking their pick. DEBT INSTRUMENTS IN INDIA.Debt Instruments are obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument. They can also be said to be tradable form of loans. Debt Instruments are of various types like Bonds, Debentures, Commercial Papers, Certificates of Deposit, Government Securities (G secs) etc. The Government Securities (G-Secs) market is the oldest and the largest component of the Indian debt market in terms of market capitalization, trading volumes and outstanding securities.The G-Secs market plays a vital role in the Indian economy as it provides the benchmark for determining the level of interest rates in the country through the yields on the government securities which are treated as the risk-free rate of return in any economy. The reserve Bank of India has permitted Primary Dealers, Banks and Financial Institutions in India to do transactions in debt instruments among themselves or with non-bank clients. Debt instruments provide fixed return declared as coupon rate.Retail investors would have a natural preference for fixed income returns and especially so in the current situation of increasing volati lity in the financial markets. Now, retail investors are also showing keen interest in Debt Instruments particularly in the Central Government Securities (G-secs). For an individual investor G-secs are one of the best investment options as there is zero default risk and lower volatility in case of G-secs. SBI DFHI is a major player in G-Secs market and widely deals in other debt instruments also. STATE BANK OF INDIA: ) GOVERNMENT SECURITIES: (dates government securities-long term, treasury bills are short term) SBI DFHI Ltd. is a leading Primary Dealer in Government Securities. SBI DFHI Ltd gives investors an opportunity to buy G-Sec / SDLs / T-Bills at primary market auctions of RBI through its SBI DFHI Invest scheme (details available on website ). Investors may also invest in high yielding Government Securities through â€Å"SBI DFHI Trade† where â€Å"buy and sell price† and a buy and sell facility for select liquid scrips in the secondary markets is offered. ) TRE ASURY BILLS: SBI DFHI Ltd, is an active player in the both the primary and the secondary market for Treasury Bills with an impressive total outr. ight turnover of Rs. 7,892 crores. 3) Money market instruments : Commercial paper, Certificate of Deposit: 4) non-slr bonds like public sector undertaking (PSU bonds) or corporate bonds 5) Debentures ICICI: 1) Bonds (regular income, tax saving, deep discount bonds etc. ) 2) Unsecured Debentures 3) Commerical Papers 4) certificate of deposit LISTINGS: STATE BANK OF INDIA: NSE . CODE: SBIN BSE CODE : 500112 LSE CODE: SBID ICICI: NSE:  ICICIBANK,BSE:  532174, NYSE:  IBN STATE BANK OF INDIA: The declaration and payment of dividends is recommended by the Bank’s Central Board of Directors and approved by its shareholders. The Bank’s decision to declare a dividend depends on a number of factors including but not limited to its profits, capital requirements and overall financial condition. The Central Board may also pay interim dividends from time to time. All dividend payments are made in cash to the shareholders of the Bank. The Bank’s dividend policy is to declare dividends only at the conclusion of the fiscal year. ? ICICI ?

The Yellow Wallpaper By Charlotte Perkins Gillman

â€Å"I sometimes fancy that in my condition, if I had less opposition and more society and stimulus, but john says the very worst thing I can do is think about my condition and I confess it always make me feel bad†. This quote from the short story â€Å"The Yellow Wallpaper† serve as an implicit criticism of given in the nineteenth century women who prefer not to think about their condition. â€Å"The Yellow Wallpaper† written by Charlotte Perkin Gillman is often referred to as a feminist short story. The narrator is the story goes insane suffering from Post-Partum, because her role in society is limited and constricted. The short story â€Å"The Yellow Wallpaper has a lot of reasoning and character behind the author Charlotte Perkins Gillman. Charlotte Perkins Gillman the author of â€Å"The Yellow Wallpaper. Gillman was born on July 3,1860 in Hartford, Connecticut. Gillman was a writer and social activist in the late 1800’s and early 1900’s. Sh e had a difficult childhood. Gilman farther abounded the family leaving her mother to raised two children. Gillman married and artist name Charles Stetson. They had a daughter name Katherine. Gillman experienced a serve depression and underwent a series of unusual treatment for her depression. Developing depression by both a serve case of Post- Partum. She describes her as a â€Å"worse horror then before†. She agreed to undergo hypothetically advance and effective rust care treatment to cure her of her agonizing depression. Her well document treatment forShow MoreRelatedThe Yellow Wallpaper, By Charlotte Perkins Gillman954 Words   |  4 Pagesstory, â€Å"The Yellow Wallpaper,† written in 1892, by Charlotte Perkins Gillman, wrote this short story after suffering from her own â€Å"personal nervous breakdown in 1885. It is a semi-autobiographical record of psychiatric treatment and the descent into ‘madness’.† In that time, little relief and help was available. Gilman emphasizes that fear has copious power through the devices of imagery, the ghostly sight, the characterization through the dark thoughts, and the symbol of the wallpaper, her life,Read MoreTheme Of Realism InThe Yellow Wallpaper, By Charlotte Perkins Gillman740 Words   |  3 PagesHave you ever felt like you were losing your mind? Well, one may just do so after reading â€Å"The Yellow Wallpaper†, one of Charlotte Perkins Gillman’s most popular stories. For the first time, we’re able to see through the eyes of a crazed woman and her thoughts in her descent into total insanity. After having a child, the woman falls â€Å"ill.† Her husband, John, is a physician. He diagnoses her with nervous depression and puts her in the old nursery of the summer home they had recently moved into forRead More Freedom for Women in The Yellow Wallpaper by Charlotte Perkins Gillman and The Story of an Hour by Kate Chopin1202 Words   |  5 PagesFree dom for Women in The Yellow Wallpaper by Charlotte Perkins Gillman and The Story of an Hour by Kate Chopin The Yellow Wallpaper by Charlotte Perkins Gillman and The Story of an Hour by Kate Chopin are two feminist works in which liberation is the overlying theme. Both of the main characters achieve freedom from their husbands oppression in these short stories; however, freedom is only achieved through insanity in The Yellow Wallpaper and death in The Story of an Hour. The womenRead MoreAnalysis of Charlotte Gilmans The Yellow Wallpaper969 Words   |  4 PagesYellow Wallpaper Annotated Bibliography Frye, C.B. Using Literature in Health Care: Reflections on The Yellow Wallpaper. The Annals of Pharmacotherapy. (32: 7). 1998. 829.33. Print. Most people who wrote about The Yellow Wallpaper do so from the perspective of a literary scholar. This however is written by someone in the health care field. C.B. Frye says that fiction can impact the larger world; in this case it impacted mental health and the work of Gillmans doctor, S Weir Mitchell. AlthoughRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman2032 Words   |  9 Pagesâ€Å"The Yellow Wallpaper† by Charlotte Perkins Gilman is a poem about women facing unequal marriages, and women not being able to express themselves the way they want too. Charlotte Perkins Gilman was born in 1860, and died in 1935. This poem was written in 1892. When writing this poem, women really had no rights, they were like men’s property. So writing â€Å"The Yellow Wallpaper† during this time era, was quite shocking and altered society at the time. (Charlotte Perkins Gilman and the Feminization ofRead MoreTh e Yellow Wallpaper By Charlotte Perkins1189 Words   |  5 PagesAubi-Ann Genus Ms.Vedula 4 December 2015 â€Å"The Yellow Wallpaper† a Feminist Story â€Å"The Yellow Wallpaper† by Charlotte Perkins Gillman focuses on the oppression of women in the 19th century. The story introduces us into the awareness of a woman who is slowly going insane over the course of the summer. She recently just gave birth to a baby and is most likely suffering from some type of depression. Analyzing this story, we see the frustrations of women during The Victorian era. Women were manipulatedRead More Essay on The Yellow Wallpaper: Imprisoned785 Words   |  4 PagesImprisoned in  The Yellow Wallpaper    As man developed more complex social systems, society placed more emphasis of childbearing. Over time, motherhood was raised to the status of â€Å"saintly†. This was certainly true in western cultures during the late 19th/early 20th century.   Charlotte Perkins Gilman did not agree with the image of motherhood that society proposed to its members at the time. â€Å"Arguably ‘The Yellow Wallpaper’ reveals women’s frustration in a culture that seemingly glorifies motherhoodRead MoreFeminism in The Yellow Wallpaper609 Words   |  2 Pagesâ€Å"The Yellow Wallpaper†, like many stories, has an underlying message that seems to be hidden between the lines. If you sit down and read this story once, you might see a bit of male domination of John over the narrator, but if you read it a second time and think deeper you see the true feminist theme. Gillman truly showed her feminist ways throughout this story, although it’s a short story and contains a lot of powerful messages in it. The first point is that Gillman uses metaphors to show her feminismRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman Essay1208 Words   |  5 Pagesthat wallpaper as I did?† the woman behind the pattern was an image of herself. She has been the one â€Å"stooping and creeping.† The Yellow Wallpaper was written by Charlotte Perkins Gilman. In the story, three characters are introduced, Jane (the narrator), John, and Jennie. The Yellow Wallpaper is an ironic story that takes us inside the mind and emotions of a woman suffering a slow mental breakdown. The narrator begins to think that another woman is creeping around the room behind the wallpaper, attemptingRead Moreâ€Å"The labor of women in the house, certainly, enables men to produce more wealth than they otherwise1300 Words   |  6 Pages But so are horses.† Stated by Charlotte Perkins Gilman. She compared the labor of women to a horse because just as a horse has n o say neither did women. She states that men could be wealthier if women were to work instead of doing only house work but they are entitled to keep up the house and that is there economic function in society. Charlotte Perkins Gilman was a huge feminist in her time and influenced women through her literature such as The Yellow Wallpaper which displayed the struggles of