ECON 102 Lecture Notes - Lecture 24: Ecological Debt, New Idea, Natural Resource
Document Summary
New idea for market - trading emissions. In us need to reduce emissions by 80% Certain amount of limits - lowering with year. Financial scam - "devils in the details" Instead of giving permits to companies - sell to create money to put towards climate change reduction. Hard to guarantee real carbon is being removed. Weakens our ability to make concrete demands and laws. Rural and periphery places in the global economy. Relative location is a key explanatory factor in understanding participation in and experience of the capitalist economy. Core/urban: manufacturing, management, tech innovation and consumption: e. g. Periphery/rural: resource harvest (and sometimes processing) and or provision of environmental services. Resource curse: idea developed to categorize and describe challenges that countries and regions face who are rich in natural resource as they develop the resources. A) canadian economy tied to alberta tar sands demands) Social (health side effects, protests and resistance to development, infrastructural.
