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4 cards from this section. Quick, good the night before a test.
Define sustainable development.
Think about the balance between present and future.
What are externalities?
Consider examples where third parties are affected.
What is sustainable development?
Think of the future while addressing current needs.
True or False: Environmental economics only addresses market failures.
Consider the broader scope of the field.
Critically evaluate a recent environmental policy in your country, discussing how it aligns with the principles of sustainable development.
Refer to the three pillars of sustainable development to structure your evaluation.
Design a cap-and-trade system for emissions within a fictional industry. Consider how permits would be distributed and managed.
Think about fairness and environmental effectiveness.
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