Essay Example | Topics and Well Written Essays - 250 words - 95

Essay Example orn in 1445, emanated from a poor background that made his future appear unpromising where he joined Franciscan monastery in Sansepulero before associating himself with a businessman (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). He loved mathematics and it is while working under this businessman as an apprentice left to become a mathematician scholar. In 1494, Luca Pacioli authored his book by the name (translated) Summa - â€Å"The Collected Knowledge of Arithmetic, Geometry, Proportion and proportionality† that prompted him to be a celebrity even to date (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). In this book, he critiqued the poor mode of instructing mathematics during his time besides devising new accounting concepts that are evident to the present. He was the first person to give a vivid description on double entry accounting alternatively referred as Venetian Method (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). This new technique utterly revolutionized economy and business besides prompting Luca Pacioli to be a celebrity (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). Since the time of authoring his book to date, numerous people in diverse fields and especially accounting refer Luca Pacioli as â€Å"The father of accounting† (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). This is because of incomparable contributions he made in this field regardless of his humble background. Consequently, Summa became one of the most read books in Italy besides being the first for publication by Gutenberg Press (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). The book’s content comprised of â€Å"book keeping methods† and knowledge on how to compute â€Å"Assets† and â€Å"Liabilities† that are evident to date (Hogg, Tilling, Edwards, Medlin & Hoggett, 2012). Hence, this prompted Luca to be an essential icon in the field of accounting because most of his aspects that are in use even after five Essay Example | Topics and Well Written Essays - 1250 words - 15 Essay Example According to the figures in ‘Key World Energy Statistics: 2008’ coal is responsible for 42% of carbon dioxide emissions in the world. Carbon dioxide builds up in the atmosphere and increases global warming by locking in sunlight on earth like a greenhouse. This global warming is causing rise in temperatures and bringing many changes in the weather patterns causing regular floods and droughts. Oil and natural gas also produce carbon dioxide which increases global warming. In addition, although there are large coal-reserves in the world which is expected to last through the next century, the mining of coal in EU can be dangerous and costly in terms of time and money. This is because some coal-reserves across EU are deep in the ground. Even if resources are used to extract coal, the supply will soon run out as it is a finite resource. Like coal, oil and natural gas are also finite sources which might seem abundant now but will eventually deplete as per the consumption. Europe imports 50% of its total energy supply (oil and natural gas) from Russia and Middle East. High demand across the globe for these sources has raised the question of future availability of oil and gas. It is estimated by the Belkin (2008) that Europe will import 65% of its total energy by 2030 the costs of which till that time would have doubled. This dependency of Europe on carbon-based energy is seen as a threat to its economic stability and uncertain increase in energy prices. As the use of carbon based energy will increase, EU has pledged to reduce its carbon-emissions by 20% till 2020 (Belkin, 2008). In addition, the electricity industry in EU is facing a huge challenge of generation capacity investment which will be needed in the future. As technological advancements are increasing the move towards sustainable economics, the growth in wind power generation is seen as one of the domestic sources for electricity generation in EU and as a