GEOG203 Study Guide - Midterm Guide: Electronic Waste, Consumer Capitalism, Greenwashing

• School: University of Waterloo
• Department: Geography and Environmental Management
• Course: GEOG203
• Professor: Brent Doberstein

Document Summary

Part a: answer two of the following 3 questions [2 points each x 2 = 4: explain non-market values and provide an example. , the goods or services that cannot buy or sold directly are defined as non-market values. Market response model: assumptions: scarcity & incentives, mediating externalities more efficiently through private contracts, mechanisms: green taxes, markets for pollution, green consumer choices. Limitations: markets fail; don"t consistently solve environmental problems, difficult to value environmental goods, explain the roles of the state, market, & consumers in some dominant environmental regulatory mechanisms. 1: explain the concepts of green taxes and green consumption. Green taxes: one of the most direct way to harness the market (thus it influence environmental decision- making by people and firms). It is taxing certain goods or services (increasing prices) should results in either decreased use of resources or creative innovation of new sources or options. Ex: garbage disposal (special trash bags purchasing by consumers)