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Vol.1 , No. 5, Publication Date: Dec. 11, 2015, Page: 86-97
 to impose shadow costs on ocean currents which induce economic incentives to maintain the ocean currents as is. A case study presents the practical application of the proposed theory in a Scandinavian and European context. It is concluded that the introduced methodology is useful for increasing the probability of the ocean conveyor belt being preserved and making the usage of major natural resources more efficient. Profitability increases, technology is advanced and environmental conditions improve when the EUROPE model is applied on activities that involve ocean currents at higher policy analysis levels by application of a monetary key factor which encompasses most aspects of interest. Furthermore, the equity of the distribution of advantages related to regional changes in the climate is improved. The developed methods are suitable information support tools for decision-making in the management of ocean currents. A more efficient and sustainable use of natural resources is enabled through economic incentives that promote source-reduction of material and immaterial spillages and other anthropogenic activities that possibly have a negative impact on the world’s eco-systems in general and the ocean conveyor belt in particular.&picture=http://www.aascit.org/aascit/decorators/img/journal/897.jpg)
| [1] | Jan Stenis, Lunda Hydro AB, Vårlöksvägen 4, SE-387 92 Borgholm, Sweden. |
| [2] | William Hogland, Department of Biology and Environmental Science, Linnaeus University, SE-391 82 Kalmar, Sweden. |
The present paper provides economic incentives for preserving the ocean currents in order to avoid possible continental climate changes. A cost structure is proposed for facilitating preservation of the ocean conveyor belt to prevent it from stop running on regional and global operating scales. The introduced methodology involves business administration theory and economics and employs the previously introduced equality principle and the model for Efficient Use of Resources for Optimal Production Economy (EUROPE) to impose shadow costs on ocean currents which induce economic incentives to maintain the ocean currents as is. A case study presents the practical application of the proposed theory in a Scandinavian and European context. It is concluded that the introduced methodology is useful for increasing the probability of the ocean conveyor belt being preserved and making the usage of major natural resources more efficient. Profitability increases, technology is advanced and environmental conditions improve when the EUROPE model is applied on activities that involve ocean currents at higher policy analysis levels by application of a monetary key factor which encompasses most aspects of interest. Furthermore, the equity of the distribution of advantages related to regional changes in the climate is improved. The developed methods are suitable information support tools for decision-making in the management of ocean currents. A more efficient and sustainable use of natural resources is enabled through economic incentives that promote source-reduction of material and immaterial spillages and other anthropogenic activities that possibly have a negative impact on the world’s eco-systems in general and the ocean conveyor belt in particular.
Keywords
Ocean Currents, Climate Preservation, Fenno-Scandia, Gulf Stream, Economic Incentives, Equality Principle
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