ES101 Lecture Notes - Lecture 12: Environmental Justice, Sydney Tar Ponds, Commercial Fishing

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Es101 week 12, lecture 1: environment, politics. )n europe, there is a carbon trading regime (cid:523)known as (cid:498)cap & trade(cid:499)(cid:524: each country is permitted a maximum amount of emissions (cid:523)or (cid:498)cap(cid:499)(cid:524, within each country, large producers of ghgs have a target for emissions. If they produce less, they can trade the difference for a profit to others who exceed their targets. Sustainability may be compatible with our market economy, but: ongoing social, political & cultural interventions are needed. Valuing affluence: gross domestic product (gdp, human development index (hdi, genuine progress indicator (gpi) Gdp: tool long used by economists to measure national economic performance, various ways of calculating, e. g. Gdp = private consumption + government spending + investment + (exports imports) Is not a measure of well-being, but many people assume it is. Human development index: measures countries by three sets of variables: economic performance (measured by gross national income per capita); average level of education; life expectancy at birth.

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