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30 Cards in this Set
- Front
- Back
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Well-Being |
the status of being healthy happy and phrosperous |
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Economics |
examines how humans either as individuals or a companies allocate scarce resources in the production, distribution and consumption of goods and services |
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Genuine Progress Indicator (GPI) |
measures the personal consumption, income distribution, levels of higher education, resource depletion, pollution and the health of a population along with GDP |
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Technology Transfer |
happens when less developed countries adopt technological advances developed in wealthy countries |
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Leapfrogging |
happens when there is a newer tech that renders an older one obsolete |
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Natural Capital |
refers to the resources of the planet, such as air, water, and minerals |
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Human Capital |
refers to human knowledge and abilities
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Manufactured Capital |
refers to all goods and services that humans produce |
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Market Failure |
when the economic system does not appropriately account for all costs |
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Environmental Economics |
a subfield of economics that examines the cost and benefits of various policies and regulations that limit air and water pollution and other sources of environmental degradation |
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Ecological Economics |
treats the field of economics as a component of ecological systems rather than as a distinctly separate field of study |
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Valuation |
enviro an eco economists attempt to assign monetary value to intangible benefits and natural capital |
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Environmental World View |
3 dimensions: how you think the world works; how you view your role in it; what you believe to be proper environmental behavior |
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Anthropocentric |
human centered, world view considers that human beings have intrinsic value |
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Stewardship |
a subset of Anthropocentric worldview is careful and responsible management and care for Earth and its resources |
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Biocentric |
life-centered worldview hold that humans are just one of many species on Earth all of which have equal intrinsic value |
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Ecocentric |
Earth-centered worldview places equal value on all living organisms and the ecosystems in which they live and it demands that we consider nature free of any associations with our own existence |
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United Nations (UN) |
institution that promotes dialogue among countries with the goal of maintaining world peace |
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UNEP |
United Nations Environment Program headquartered in Nairobi, Kenya |
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World Bank |
Headquartered in Washington, DC along with the IMF at a monetary and financial meeting of the united nations in Bretton Woods, NH. Provides financial assistance to developing countries |
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WHO |
World Health Organization created to improve human health by monitoring and assessing health trends and providing medical advice to countries |
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UNDP |
United Nations Development Program works with 166 countries around the world to advocate change that will help people obtain a better life through development |
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EPA |
Environmental Protection Agency oversees all governmental efforts related to the environment including science research assessment and education |
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OSHA |
Occupational Safety and Health Administration responsible for the enforcement of health and safety regulations |
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DOE |
Department of Energy main goal is to advance the energy and economic security of the U.S. |
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Human Development Index (HDI) |
three basic measures of human status: life expectancy; knowledge and education, and standard of living |
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Human Poverty Index (HPI) |
measures three things: Longevity; Knowledge; and standard of living |
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Command-and-Control regualation |
sets regulations for emissions and controls them with fines or other punishments |
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Incentive-based regulation |
constructs financial and other incentives for lowering emissions based on profits and benefits |
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Triple Bottom Line |
concept states that we need to take into account three factors - economic, environmental and social when making decisions about business, the economy and development |
