ENVIRONMENTAL ECONOMY RELATIONSHIP

by JOHNNY CH LOK

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ENVIRONMENTAL ECONOMY RELATIONSHIP JOHNNY CH LOK
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As,,stated,,by,,Hanley,,,Shogren,,,and,,White,,(2007),,in,,their,,textbook,,Environmental,,Economics:[4],,"A,,market,,failure,,occurs,,when,,the,,market,,does,,not,,allocate,,scarce,,resources,,to,,generate,,the,,greatest,,social,,welfareContingent,valuation,typically,takes,the,form,of,surveys,in,which,people,are,asked,how,much,they,would,pay,to,observe,and,recreate,in,the,environment,(willingness,to,pay),or,their,willingness,to,accept,(WTA),compensation,for,the,destruction,of,the,environmental,goodIf,,,we,,,dont,,,put,,,much,,,emphasis,,,on,,,the,,,environment,,,issue,,,and,,,excavate,,,the,,,natural,,,resources,,,blindly,,,,our,,,country,,,will,,,become,,,a,,,barren,,,land,,,sooner,,,or,,,laterThis,,,concern,,,is,,,related,,,to,,,the,,,subfield,,,of,,,sustainable,,,development,,,and,,,its,,,political,,,relation,,,,the,,,anti-globalization,,,movementas,,said,,earlier,,,trading,,,in,,the,,quota,,system,,,means,,a,,firm,,only,,abates,,if,,doing,,so,,would,,cost,,less,,than,,paying,,someone,,else,,to,,make,,the,,same,,reductionWhen,,it,,is,,too,,costly,,to,,exclude,,some,,people,,from,,access,,to,,an,,environmental,,resource,,,the,,resource,,is,,either,,called,,a,,common,,property,,resource,,(when,,there,,is,,rivalry,,for,,the,,resource,,,such,,that,,one,,person's,,use,,of,,the,,resource,,reduces,,others',,opportunity,,to,,use,,the,,resource),,or,,a,,public,,good,,(when,,use,,of,,the,,resource,,is,,non-rivalrous).Quoting,,,from,,,the,,,National,,,Bureau,,,of,,,Economic,,,Research,,,Environmental,,,Economics,,,program:,,,,,,0,,,,,,Because,the,climate,damage,done,by,greenhouse,gases,is,cumulative,,the,emissions,decrease,attributable,to,the,recession,has,given,the,world,a,bit,more,room,to,devise,a,plan,that,might,actually,workFor,,comparing,,the,,options,,,relevant,,methods,,used,,are,,usually,,a,,cost-benefit,,framework,,(recognising,,that,,not,,all,,impacts,,are,,monetised,,of,,course),,or,,cost-effectiveness,,analysisMany,of,the,more,radical,green,economists,split,off,to,work,on,an,alternate,political,economyAlthough,China,has,passed,environmental,legislation,and,has,participated,in,some,international,anti-pollution,conventions,,pollution,will,be,a,serious,problem,in,China,for,years,to,comeNBER,,Working,,Group,,DescriptionsSixteen,,of,,the,,world's,,twenty,,most,,polluted,,cities,,are,,in,,Chinagreenhouse,emissions,to,seventeen,per,cent,of,their,2005,level,by,2050dont,pull,in,the,same,directionThey,,provide,,incentives,,to,,firms,,and,,consumers,,to,,opt,,for,,greener,,production,,or,,productsThe,,ultimate,,success,,or,,failure,,of,,Obamas,,program,,,and,,of,,the,,measures,,that,,will,,be,,introduced,,in,,Copenhagen,,this,,year,,,will,,depend,,on,,our,,willingness,,,once,,the,,global,,economy,,is,,no,,longer,,teetering,,,to,,accept,,policies,,that,,will,,seem,,to,,be,,nudging,,us,,back,,toward,,the,,abyss.Getting,,more,,miles,,to,,the,,gallon,,is,,of,,no,,benefit,,to,,the,,environment,,if,,it,,leads,,to,,an,,increase,,in,,drivingand,,the,,response,,of,,drivers,,to,,decreases,,in,,the,,cost,,of,,driving,,is,,to,,drive,,moreGovernments,can,also,opt,for,an,Environmental,Tax,or,Fiscal,Reform,or,the,reform,of,Environmentally,Harmful,SubsidiesAs,the,main,aim,of,economic,development,is,to,pursue,profits,,this,may,lead,to,many,serious,problems8van,,den,,Bergh,,(2001)Houghton,,,Mifflin,,,CompanyE.g.2,,pollution,,must,,be,,monitored,,and,,laws,,enforced,,,whether,,under,,a,,pollution,,tax,,regime,,or,,a,,regulatory,,regimeInstitute,of,Policy,&,Management,,Chinese,Academy,of,Science,,Beijing,100080,,China;,2^,,,Greenstone,,,,Michael;,,,Jack,,,,BOur,ultimate,aim,in,economic,development,is,to,provide,a,comfortable,and,happy,life,for,our,people 5d8a9798ff

Start,,,studying,,,chapter,,,9-,,,Outsiders.,,,Learn,,,vocabulary,,,,terms,,,,and,,,more,,,with,,,flashcards,,,,games,,,,and,,,other,,,study,,,tools.
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