WMST 2000 Lecture Notes - Lecture 7: Whale Oil, Free-Market Environmentalism, Primitive Accumulation Of Capital

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Setting a price supposedly icenttivizes companies to reduce emissions. Price is most importantnht signal (indicator of degredation, scarcity: when resoruces become scarce people look to alternatives, incentives to become more sustainable, build. What if people who can afford to: people: (cid:449)illi(cid:374)g to pay (cid:373)ore (cid:373)o(cid:374)ey for (cid:271)etter e(cid:374)(cid:448) pra(cid:272)ti(cid:272)es do(cid:374)"t (cid:374)eed. If you cant pay, how do you signal your willingness for the market. Does scarcity reflect env significance: ex. If price is low = okay to exploit. Scale: hard to have a market for all compoenents, hard to create a market for an ecosystem, only capable of making it for certain components, does this matter for preventing ecological degredation. Not much evidence to suggest that m (difficult to research: q is hard to generate data about, markets are new, esp carbon market (not a lot of evidence/data/info to judge)

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