MUSIC140 Lecture Notes - Lecture 2: Flint Water Crisis, Habitat Destruction, Externality
2 Dec 2017
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Document Summary
Seems were not doing to well based on our environmental performance. Were rated poorly (institutional reasons, (from oil and other sources of resource production)) Were doing ok in some areas, badly in many areas, showing that there is a lot of work that aligns with our desires. There is a social consensus (76%) that believe that we should move away on the dependence on fossil fuels and move towards cleaner energy: possible solution: make fossil fuels more expensive. Tragedy of the commons: finite resource, open, example: fisheries, prisoners dilemma. If they (cid:272)ooperate together, that"s the (cid:271)est out(cid:272)o(cid:373)e (cid:271)ut they do(cid:374)"t know that: resolutions: regulation, distribution needs to be fair, flint water crisis problem. Economic tensions: trade offs, externalities, how it affects others, other than yourself. Allocation problems: who bears the costs, environmental justice issues. Scientific uncertainty / risk analysis: risk preferences. Free rider problem: a person who reaps benefit from cooperative activity without bearing the burdens.
