Environmental Management Policies (HSC SSCE Economics): Flashcards
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Two main tools in environmental policy
Two main tools in environmental policy
Regulations and market-based policies
Australia's 2030 emissions target (%)
Australia's 2030 emissions target (%)
43% reduction on 2005 levels
Australia's 2050 emissions target
Australia's 2050 emissions target
Net zero emissions
Net zero emissions meaning
Net zero emissions meaning
Greenhouse gases produced equals amount removed
Externalities in environmental economics
Externalities in environmental economics
Environmental costs/benefits borne by society, not market
Internalising the externality
Internalising the externality
Tax/fee making producers/consumers pay environmental costs
Carbon leakage definition
Carbon leakage definition
Industries moving to countries with no emissions targets
Paris Agreement (2015) temperature target
Paris Agreement (2015) temperature target
Well below 2°C above pre-industrial levels
Montreal Protocol success rate (1987-2014)
Montreal Protocol success rate (1987-2014)
Over 98% of ozone-depleting substances eliminated
Tragedy of the commons
Tragedy of the commons
Overuse of shared international resources