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23 Cards in this Set
- Front
- Back
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Risk |
Probability that a condition or action will lead to an injury, damage, or loss |
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Probability |
Mathematical statement about how likely it is that something will happen |
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Risk assessment |
Use of facts and assumptions to estimate the probability of harm to human health/environment that may result from particular management decisions |
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Risk management |
Decision-making process that involves choosing the most appropriate regulatory action based on risk assessment results and other data |
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Negligible risk |
The point at which there is no significant health or environmental risk |
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Resources |
Available supply of something that can be used |
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Natural resources |
Structures and processes that humans can use for their own purposes but cannot create |
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Renewable resources |
Can be formed or regenerated by natural processes |
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Nonrenewable resources |
Cannot be replaced by natural processes, or the rate of replacement is so slow it can be ineffective |
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Environmental costs |
Air/water pollution, plant/animal extinctions, depletion of a resource, loss of scenic quality |
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Deferred costs |
Must be paid at a later date (env costs) |
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External costs |
Expenses borne by someone other than the individuals who use a resource |
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Pollution |
Any addition of matter or energy that degrades the environment for humans/other organisms |
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Biodegradable |
Materials that can be broken down into simpler chemicals |
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Pollution costs |
Expenditures to correct, health costs, loss of public resource |
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Pollution-prevention costs (P2) |
Costs incurred by private sector or gov to prevent some form of pollution |
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Cost-benefit analysis |
Assesses the costs and benefits of competing uses of a resources/solutions to a problem and decides which is the most effective |
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Subsidy |
Gift from gov to individuals/private enterprises to encourage actions considered important to the public interest |
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Brownfields |
Areas perceived to have environmental liabilities |
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Life cycle analysis |
Process of assessing the environmental effects associated with the production, use, reuse and disposal of a product over its entire useful life |
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Extended product responsibility |
Concept that the producer of a product is responsible for all the negative effects involved in its production, including disposal |
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Sustainable development |
Development that meets the needs of the present without compromising the ability of the future to meet its own needs |
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Debt-for-nature exchanges |
Debt is bought at a discount from creditor by 3rd party --> creditor receives partial payment --> debtor country's debt is removed --> debtor country must spend $ on projects valuable to 3rd party |
