Regulatory frameworks for IGE Flashcards
Name 2 ways in which regulation can help us achieve IGE.
- By removing barriers to green investment
2. By strengthening demand for sustainable goods / services
Give 2 examples of regulation methods.
What do they do?
Standards and certification
These set limits regarding product quality and safety
Why are informed customers a vital part of the transition to IGE?
They influence which goods / services are available in the marketplace
The global market for certified food and drink is growing. True or false?
True
Give a case study of certification that demonstrates its benefits.
Nepal, 2012
Collective of 100 small tea farms trained on organic certification.
Has had environmental / social benefits but economically the farmers have spent less on chemical inputs AND received twice as much money per kg of tea (compared to national average).
Several countries are planning to ban the sale of combustion engine cars. Allegedly, when will this be happening in the UK?
2040
Why must plans like the ban on combustion engine cars be communicated years in advance?
So the relevant sectors have time to adapt.
Why must there be international policy towards IGE? Give 3 reasons.
- Environmental degradation crosses national boundaries
- International policy helps to legitimise government policies toward IGE
- International trade has a huge effect on IGE (enables or obstructs flow of sustainable goods, services, tech, investment)
Give an example of international regulatory policy towards IGE.
The Paris Agreement, 2015
What is the main aim of the Paris Agreement?
To keep global temperature rise to a maximum of 2C above pre-industrial levels (but aim for 1.5C)
The market for sustainable goods is growing. How might this benefit LDCs?
It is an opportunity to enter the market by scaling up green sectors / exports
