GEOG203 Chapter Notes - Chapter 7: Carbon Emission Trading, Labour Power, Global Exchange

• School: University of Waterloo
• Department: Geography and Environmental Management
• Course: GEOG203
• Professor: Daniel Scott

Document Summary

This led to many of today"s green development policies (i. e. carbon trading, which allows for the production of waste in one place to absorbed in another using a global exchange of pollution). Environmental justice: a principle stressing the need for equitable distribution of environmental goods (parks, clean air, healthful working conditions) and environmental bads (pollution, waste, hazards) between people, no matter their race, ethnicity, or gender. Accumulation: previous production was based on sole people using their labour power to produce resources and commodities and selling them for the value of what it took to make it. Competition between capitalist has seccaused a decrease in surplus and therefore an increase in environmentally degrading technological advances for extraction, or cutting the value of workers and the environment. First contradiction of capitalism: as capitalists grow, they continuously grow their goods that they produce; this leads to overproduction or under consumption which are both sides of the coin.