✅(Keywords)(Chapter 11) Carbon dioxide Flashcards
A market-based system that aims to reduce pollution levels by setting limits as to how much they can pollute and allowing them to trade emission allowances, creating incentives for reducing overall pollution
Cap & Trade
Concentration of capital (power & money) in specific places
Capital accumulation
The system through which carbon circulates through the Earth
Carbon cycle
the process of capturing and storing CO₂ to reduce its concentration in the atmosphere and mitigate climate change
Carbon sequestration
Theory that states externalities can be controlled through contracts and bargaining between 3rd parties
Coase theorem
Cooperation and coordination between individuals to achieve common goals & outcomes
Collective action
Forms of regulations that relies on government laws and agencies to enforce rules
Command-and-control
A process that results in an increase in Earth’s temperature due to gases that trap and retain heat.
Greenhouse effect
Falsely advertising that a product is environmentally friendly when it`s not
Greenwashing
The value of a natural object
Intrinsic value
The process of converting of converting CO2 into organic compounds (sugar) by using sunlight
Photosynthesis
The extra value created by workers beyond the wages they are paid.
Surplus value
The effects of capitalism that result in highly unequal economic conditions and levels of economic activity across different regions
Uneven development
