Economics Of Envi Quality Flashcards
Environmental medium
Broad components of the natural system which together form The environment land, water and act
Environmental medium
Broad components of the natural system which together form The environment land, water and act
Environmental quality
General state of the natural system or some aspect of it
Ambient qualify
Amount of an undesirable substance in the environment
Residuals
Leftover energy after production,. Distribution or consumption that must be dealt with, unintended
Residuals
Leftover energy after production,. Distribution or consumption that must be dealt with, unintended
Recycling
Portion of residuals returned to the production distribution consumption process
Emissions
Portion of residuals that are released into The natural system
Effluent
Residuals released into water
Source
Place where emissions take place
Damages
Negative impacts experienced by humans of the environment due to degradation of that environment
Pollution
Results when any amount of a residual has been introduced into the environment
Marginal damages
Additional negative impacts stemming from a unit change in emissions
Abatement costs
The costs of reducing the quantityof residuals being emitted into the environment
Marginal abatement cost
Change in the abatement lost resulting from a unit change in the level of abatement