REM 420 Lecture Notes - Lecture 2: The Dilemma, Judith Curry, Marginal Cost
31 Jan 2017
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Luke warmer, he accepts everything, but he says everything that"s happening is very. Market institutions tend to promote efficiency or maintain social stability (however defined) Supply management, stability at the cost of innovation. Density is manageable when the correct amount of utilities and accommodations are provided, its bad when you"re not able to provide as much as needed. Meeting the needs of the present without compromising the ability of future generations to meet their own needs. Linkages between the environment and economic activity at all levels. Sustainability: economic growth and development is sustainable, only if the stock of overall capital assets remains constant or rises over time. Environmental accounting: the preservation or loss of valuable environmental resources should be factored into estimates of economic growth and well being. Nnp* = gnp dm dn r a. Dn: depreciation of environmental capital: monetary value of environment decay over a year. R: expenditure required restoring environmental capital (forests, fisheries etc. )
