EC207 Lecture Notes - Lecture 10: Environmental Accounting, Global Warming
Document Summary
Boom in population -> pressure on land, clean water and sanitation (for farmers especially is hard) Sustainability: careful balance b/w econ growth and env preservation: 3 measures: future social benefits, paying proper attention to market failures, and explicitly valuing natural resources as a form of capital stock rather than consumption. Global warming increasing average air and ocean temperatures. Used in reference to the trend that began in the mid-twentieth century and attributed largely to human industrial, forestry, and agricultural activities emitting greenhouse gases. Climate change no transient altering of underlying climate, such as increased average temperature, decreased annual precipitation, or greater average intensity of droughts or storms. Used in reference to the impact of the global warming phenomenon. Note the distinction between changes in weather (which varies within a climate) and changes in climate that alter underlying probabilities of weather outcomes.
