REM 350 Study Guide - Midterm Guide: Energy Carrier, Market Failure, Bioproducts

• School: Simon Fraser University
• Department: Resource & Environmtl Mgmt
• Course: REM 350
• Professor: Mark Jaccard

Document Summary

In the late 1980s china opened its economy. At the same time, world leaders committed to reducing greenhouse gases - mostly co2 - from developed countries. China"s economy and co2 have grown annually at about 10%. 0%: 0% of growth in gdp is possible due to no co2 emission. Co2 is highly and closely related to gdp growth since co2, or use of fossil fuel is closely related to the production of almost anything. 10%: gdp growth of 10% is possible because of many alternative energy sources such as solar, hydro, geothermal and etc. With this alternative, china can generate production and with more technological improvements, production can grow even more which in turn, gdp growth as well. Its economy is starting to grow fast - 4-6%. Same co2/gdp: india, just like china has no other option but to choose fossil fuels as their primary energy source for production, which will eventually generate the same amount of.