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⧫ Essential Resources ..
I. what can the government do?
1. enforce specific rules outside the market (just limit how much firms can pollute)
2. influence the market through price incentives
a. add tax on products that cause pollution. (gasoline)
b. subsidize products that reduce pollution (electric cars, renewable energy)
1 and 2 example: permit market such as cap and trade which set limits on how much firms can pollute and allow them to buy and sell permits (money goes from heavy polluters to lighter polluters)
II. how can technology help?
-since our current technology doesn't provide cheaper renewable energy, we can maximize the use of non renewable energy (energy-efficient cars)
- hindrances:
rebound effect - efforts to increase energy efficiency creates more available energy that only gets spent into something MORE and MORE.
III. what actions are the world taking?
1. International treaties in which countries commit on reducing greenhouse gases emission. (UN negotiations)
2. funding "green" research into renewable energy.
3. changes can be brought by individual consumers, along with changes by the government and producers. (turn the lights off when not in use! and other small things).
1. enforce specific rules outside the market (just limit how much firms can pollute)
2. influence the market through price incentives
a. add tax on products that cause pollution. (gasoline)
b. subsidize products that reduce pollution (electric cars, renewable energy)
1 and 2 example: permit market such as cap and trade which set limits on how much firms can pollute and allow them to buy and sell permits (money goes from heavy polluters to lighter polluters)
II. how can technology help?
-since our current technology doesn't provide cheaper renewable energy, we can maximize the use of non renewable energy (energy-efficient cars)
- hindrances:
rebound effect - efforts to increase energy efficiency creates more available energy that only gets spent into something MORE and MORE.
III. what actions are the world taking?
1. International treaties in which countries commit on reducing greenhouse gases emission. (UN negotiations)
2. funding "green" research into renewable energy.
3. changes can be brought by individual consumers, along with changes by the government and producers. (turn the lights off when not in use! and other small things).
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