Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

Environmental Economics: Key Theories

25

Flashcards

0/25

Still learning
StarStarStarStar

Marginal Abatement Cost

StarStarStarStar

The cost associated with eliminating a unit of pollution.

StarStarStarStar

Polluter Pays Principle

StarStarStarStar

An environmental policy principle demanding that the polluting party pays for the impact caused to the environment.

StarStarStarStar

Environmental Justice

StarStarStarStar

A social movement and field of study that examines the fair distribution of environmental benefits and burdens across various groups, often focusing on marginalized communities.

StarStarStarStar

Environmental Impact Assessment (EIA)

StarStarStarStar

A process whereby the potential environmental impacts of a proposed project are measured and the plan is made to mitigate those impacts.

StarStarStarStar

Ecological Footprint

StarStarStarStar

A measure of how much area of biologically productive land and water an individual, population, or activity requires to produce all the resources it consumes and to absorb the waste it generates.

StarStarStarStar

Environmental Equity

StarStarStarStar

The fair treatment and meaningful involvement of all people, regardless of race, color, national origin, or income, with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.

StarStarStarStar

Natural Capital

StarStarStarStar

The world's stocks of natural assets which include geology, soil, air, water, and all living things that provide humans with goods and services.

StarStarStarStar

Externality Theory

StarStarStarStar

A theory that defines an externality as a cost or benefit for a third party who did not agree to the particular action causing the cost or benefit.

StarStarStarStar

Precautionary Principle

StarStarStarStar

A principle that advocates taking proactive action to prevent harm to the public or the environment, where scientific findings are not yet conclusive.

StarStarStarStar

Hotelling's Rule

StarStarStarStar

An economic rule that predicts the rate at which the price of a non-renewable resource will rise over time, equivalent to the interest rate.

StarStarStarStar

Environmental Kuznets Curve

StarStarStarStar

A hypothesized relationship between environmental quality and economic development: as income increases, environmental degradation first increases and then decreases.

StarStarStarStar

Ecosystem Services

StarStarStarStar

The many and varied benefits to humans provided by the natural environment and from healthy ecosystems.

StarStarStarStar

Green Accounting

StarStarStarStar

A type of accounting that attempts to factor environmental costs into the financial results of operations.

StarStarStarStar

Circular Economy

StarStarStarStar

An economic system aimed at eliminating waste and the continual use of resources by reusing, sharing, repairing, refurbishing, remanufacturing and recycling.

StarStarStarStar

Cap and Trade System

StarStarStarStar

A market-based approach to controlling pollution by providing economic incentives for reducing emissions of pollutants.

StarStarStarStar

Integrated Assessment Models (IAMs)

StarStarStarStar

Models that integrate knowledge from two or more domains into a single framework; these are often used for assessing climate change risks and response strategies.

StarStarStarStar

Free Rider Problem

StarStarStarStar

A problem that occurs when those who benefit from resources, goods, or services do not pay for them, which results in an under-provision of those goods or services.

StarStarStarStar

Command and Control Regulations

StarStarStarStar

Environmental policies that set specific limits for pollution emissions and/or specific pollution control technologies that must be used.

StarStarStarStar

Bioeconomic Models

StarStarStarStar

Mathematical models that describe the dynamic interactions between economic decisions and biological processes, often used for fishery management.

StarStarStarStar

Tragedy of the Commons

StarStarStarStar

A theory that describes how individuals acting independently and rationally according to each's self-interest behave contrary to the best interests of the whole group by depleting a common resource.

StarStarStarStar

Resource Scarcity

StarStarStarStar

The economic theory that limited natural resources will pose a limit on economic growth and may lead to depletion and environmental degradation.

StarStarStarStar

Sustainable Development

StarStarStarStar

A development paradigm that seeks to meet the needs of the present without compromising the ability of future generations to meet their own needs.

StarStarStarStar

Coase Theorem

StarStarStarStar

A legal and economic theory stating that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own.

StarStarStarStar

Environmental Risk Assessment

StarStarStarStar

A process used to estimate the potential impact of chemical substances, technologies, or activities on human health and the environment.

StarStarStarStar

Energy Return on Investment (EROI)

StarStarStarStar

A ratio of the amount of usable energy acquired from a particular energy resource to the amount of energy expended to obtain that energy resource.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.