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6 Cards in this Set
- Front
- Back
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Define environmental economics |
The application of principles of economics to the study of the environment and natural resources are developed and managed. |
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What are the four questions in this class? |
1. How much pollution is too much 2. Is government up to the job 3. How can we do better 4. Can we resolve global issues |
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Is zero pollution the solution? |
No, it is unavoidable and should be reduced and controlled |
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What are the three standards that weigh the costs and benefits of pollution control? |
1. Efficiency Standard: Put $ value on the env 2. Safety Standard: Analyses health risks 3. Sustainability Standard: Focuses on deep uncertainty and potential for castrophic outcomes |
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What are the 2 major Obstacles to Effective Government intervention? |
1. Imperfect information 2. Opportunity for political influence |
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What are the three categories of regulatory options? |
1. Command and Control (Legal or Illegal) 2. Incentive Base 3. Promoting Clean Technology |
