Final UNIT Flashcards
Rebound effect
gains efficiency fails to lead to reductions in consumption we invest efficiency gains into other carbon producing areas
Energy intensity
amount of energy required to produce worlds economic output
Carbon Intensity
amount of carbon required to produce worlds economic output
Natural Capital
assets indispensable for human survival and economic activity provided by the ecosystem
Decoupling
ability of economy to grows without corresponding increases in environmental pressure growth without CO2
Treadmill of wealth
as a person makes more money expectations and desires rise in tandem, which results in no permanent gain in happiness
Metabolic rift
inherent in capitalism robbing countries of natural resources to fix ours
O Connors thesis
Overproduction leads to economic crises, which leads to labor movements, and Underproduction leads to ecological crises which lead to environmental movements
EKC (Environmental Kruznets Curve
Pollution indexes increase rather than decrease with economic affluence
What does the EKC curve really show
that companies move to exploit more lax laws only focusing on emissions the graph is both right and wrong affluent nations contribute the most but are also the most efficent
Coase theorem
when property rights are involved parties gravitate towards mutual beneficency people do what is in there best interest for their private property
Michael Porter
argues that stricter environmental regulations are in the interests of businesses
Foucauldian governance
blaming of individuals population as its target political econ as its major form of knowledge
Welfare economics
humans wellbeing equals economic well being can often be a form of reductionism
Pareto Optimality Standard
idea of trickle down economics that if one person is better off and nobody is worse off than it is a good policy it doesn’t matter who is better off though
Tyranny of present
decrease money equals decrease in welfare econ places emphasis on now instead of the future
Self interest
belief that everyone is selfish free rider problem stems from this
Common property regimes
joint management of the resource system by its co owners
Open regimes
way to reduce costs by opening property up to everyone costs can be reduced if activities can be shared collectively type of co-op system