Environmental Economics

A detailed Summary of Environmental Economics

1. The word environment is a general term for all external conditions, influences and forces that affect and modify the life and development of all organisms.

2. Our standard of living is measured by the quantity of resources used. The environmental standard of living is measured by the amount of reserves left. Which means the standards of living are considered high when resource reserves are still available, instead of used up.

The equations are as follows: - Avg. standard of living = Resources used

(HUMANS) Population

- Avg. standard of living = Reserves Left

(ENVIRONMENT) Population

An emerging trend in our standard of living is to consider opportunity costs of resource use (i.e. to evaluate the costs and benefits of projects such as mining). There are many factors that affect the reserves left in the environmental standard of living. They are things like: new technology; price; recycling and reuse and so on. If we assume we are mining minerals, then our standard of living is measured on the amount of the resource that has been mined, whereas the environmental standard of living is measured by t

4. When the production of a good produced by a producer has an impact on the environment it is considered a negative externality as it creates a disbenefit to a third party.

Economic growth can mean that manufacturers will be producing more goods. This could mean factories could be pumping out some really unhealthy greenhouse emissions. This also means there would be more employment. This could lead to more cars being used more often to get to and from work, which leads to ozone pollution.

3a. The Kyoto Protocol was established to reduce greenhouse emissions by harnessing the forces of the global marketplace to protect the environment.

Some common words found in the essay are:
TARGETS Activities, ENVIRONMENT Population, Environmental Economics, TARGETS Emission, INDUSTRIALISED NATIONS, Kyoto Protocol, economic growth, Protocol Emission, standard living, emission targets, Population Avg, environment economic growth, environment economic, reserves left, living measured, standard living measured, healthy environment, living measured amount, resource depletion, measured amount, environmental standard, environmental standard living, measured amount reserves, EMISSION TARGETS,

Approximate Word count = 868
Approximate Pages = 3 (250 words per page double spaced)

Category: Science

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Environmental Economics

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