Chapter 1 Key Terms

Anthropocene Definition: current geological epoch which describes the dramatic and profound changes that the earth is undergoing.

Koyoto Protocol Definition: legally binding emission limits for industrial countries negotiated in 1997.

Economic Development Definition: institutional changes made to promote economic betterment. It is the social organizational changes made to promote growth in an economy. Example From Textbook: More suddenly and dramatically than experts had expected, China and other developing countries are entering the energy-intensive stages of economic development, and their factories, buildings, power plants, and cars are consuming vast amounts of fossil fuels.

Deforestation Definition: the process of destroying a forest and replacing it with something else, especially by an agricultural system Example From Textbook: Tropical deforestation— estimated at 13 million hectares per year—is adding 6.5 billion tons of carbon dioxide to the atmosphere annually.

Renewable Resource Definition: a natural resource that can be replenished naturally with the passage of time, such as trees Example From Textbook: The missing ingredient is political will, and that is a renewable resource.

Stability Definition: resistance to change or performance. Capacity to return to its original position after being displaced. There are 2 kinds of economic stability: Stable - Economy that is fairly constant to an output growth and has low inflation Unstable - an economy that has large, frequent recessions. It has a pronounced business cycle with very high inflation and has frequent financial crisis.

Equity Definition: 1. fairness: actions, treatment of others or a general condition characterized by justice, fairness, and impartiality. 2. justice tempered by ethics 3. fair claim 4. modification of common law 5. part of value paid

Innovation Definitions: 1.origination: the act or process of inventing or introducing something new 2. A new idea or method; a new invention or way of doing something.

Emissions Definition: Something that is emitted, especially the exhaust from a car; The act of sending or throwing out; the act of sending forth or putting into circulation; issue; as, the emission of light from the sun; the emission of heat from a fire; the issuing of bank notes