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Lecture 1: October 10th,
2016
Welcome to
Environmental Economics!
This
Class
Plan
How
How
How
Topic
Fun:
About You
Name
What
What
What
Something
2.)
3.)
4.)
case_for_optimism_on_climate_change
Discussion Questions
1.)
2.)
3.)
4.)
10
11
temperatures
Changes in ocean based storms
Increases in humidity
Increased rainfall events
Flooding
Fires
Mudslides
Changes in sea level
12
13
Pollution control
Wind
Solar
Nuclear (possibly)
Other ideas?
14
Natural Resources
Natural
What
Primary
products
15
Natural Resources
Renewable Resources
Exhaustible Resources
16
Resource Flows
Resource
Solar Energy
Wind Power
17
Environmental Resources
18
19
Existence
of market failures
Consider
20
Economy-Environment
Interactions
Production
Energy
and
Material
s
Waste
Sink
Amenity
Consumptio
n
21
Threshold
22
Environmental Damages
Damages
Damages with
Threshold Effect
Pollution
Inputs
23
Environmental Damages
Damages
Exponential Damage
Function
Pollution
Input
24
Stocks of Pollutants
Cumulative
Some metals
Some chemicals used in pesticides
25
Assimilative Pollutants
Stock
of an assimilative pollutant at a
given time t is:
(1)
is the stock of an assimilative pollutant
at time t
is the inflow of the pollutant at time t
is the amount assimilated at time t.
26
Cumulative Pollutants
Stock
of a cumulative pollutant at a
given time is:
(2)
27
Social
28
Changes in Utility
Increases
Example:
Increasing
29
Next Class
Market Failures
Chapter 3 of Kahn