ENV222H1 Lecture Notes - Subsidy, Market Failure, European Union Emission Trading Scheme

• School: UTSG
• Department: School of Environment
• Course: ENV222H1
• Professor: Kenneth Mac Donald

Document Summary

Lecture format complete feb. 2 technology lecture (see those notes) Organization ; eg, the university behaviour a university lecture: ways institutions influence behaviour of individuals or organizations. Note the relationship to power the most effective form of power comes from internalization, when active enforcement is not needed. Power comes from the barrel of a gun, but even more from the minds of the powerless: institutions and environment. Our interest is in rules which do or do not influence behaviour which is environmentally destructive. In large part, this means we are interested in rules governing market behaviour extraction of raw materials, production, transport and sale of goods (reader p. 165 top rules of property, exchange and regulation ). That in turn brings us back to state-market interdependence (jan. 26 lecture notes) and the fact that the market needs the state to solve its collective-action problems (tragedy of the commons reader pp.