ENVS 1126 Chapter : 9 3
Document Summary
***sustainable development- meeting needs of present without compromising the ability of future generations to meet their needs. Dollar is worth more today than it will be in 5 years. Tree may be worth more now than in 5 years. In economics, present value is a future amt of money that has been discounted to reflect its current value, as if it existed today. Southern corn blight 80% of us maize susceptible (fungus killing crops) Solution: chinese maize (brought in different corn and was immune to the fungus. Market vs regulatory (eg cap and trade for so2) (industry should decide what to do with env problems, gov puts cap and regulations) Us is not changing enough for natural resources (ex crops and watering them. If price of water rises, farmers will be more likely to not waste and install drip irrigation system)
