1. Economics & the environment

2. Issues with the environment are global: 1.Need SUSTAINABLE development: Developing countries have a growing population, they need resources.

3. 2. Climate & Atmosphere: -pollution & climate change is a global problem -some countries produce more pollution per capita

4. 3. Treaties & agreements: -not enforceable -all countries are not “equal”

5. What is economics? …the study of the choices people make as they use and distribute resources. Everything has a value. “Supply and demand” issues also apply to environmental resources.

6. Governments role in economics & the environment The gov’t can make laws or give incentives to influence the market & the economy.

7. Conflicts with business, industry, agriculture & the environment: -Regulation costs money Pollution/emission controls Banning of needed materials Restriction of use

8. Economics & the environment in developing countries Resources being used quickly for cash. Lack of resources for quickly growing population. Lack of regulation…regulation slows economic growth in some industries.

9. Sustainability Ability of a specified system to survive and function over a period of time

10. Sustainable living Meeting present needs without preventing future generations from meeting theirs

11. P (population) X A (affluence) X T (technological impact/unit of use) = I (Environmental impact)

12. Ecological footprint or environmental impact Amount of land needed to produce the resources needed by an average person in a country