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ECO 3620. Environmental Economics

Introduction

1. How much pollution is too much?
 
  • Kyoto Protocol - greenhouse gas emissions at 5% below 1990 levels
  • 5%-10% reductions in greenhouse gas emissions (e.g., CO2)
  • Do nothing
2. Is government up to the job?
 
  • Public trust
  • Public choice
3. How can we do better?
 
  • Command and control
  • Economic incentives
4. How can we resolve global issues?
 
  • Free riding
  • Developing countries