Microeconomics,, 16th Canadian Edition

The value of this identity is that it shows us three essential components of the world’s annual emissions of greenhouse gases. E ...

Second, even if we ignore the challenge of global population growth, it is likely that per capita GDP will continue to rise over ...

energy used per dollar of real GDP has fallen by about 1 percent annually over the past 40 years. Similar declines have been obs ...

The Substitution Approach: Alternative Energy The burning of fossil fuels is an extremely efficient and economical method of pro ...

The large-scale expansion of hydro power, for example, relies on being able to find enough new locations appropriate to the damm ...

This facility in Estevan, Saskatchewan, is designed to capture and store carbon dioxide. If the technology proves to be sufficie ...

reservoirs at thousands of locations around the world could accommodate the pressurized greenhouse gases that the world will con ...

Significant Policy Challenges If climate change is the greatest market failure the world has ever seen, then it may also represe ...

The developing countries respond by pointing out that the vast majority of the greenhouse gases emitted over the past century ha ...

most countries, including Canada, are considering implementing over the near future to achieve these targets. Climate change is ...

As we saw earlier in this chapter, two policies would place a price on GHG emissions: an emissions tax and a cap-and-trade syste ...

the producers of cleaner energy would be able to enter the market and compete. Public Support for Technology The second element ...

On several occasions over the past two decades, the Canadian federal government started and then halted the development of a cli ...

Alberta introduced an economy-wide carbon tax in 2017, which is currently at $30 per tonne of and scheduled for gradual annual i ...

Summary It is essential that we recognize the likely impact of the ongoing process of climate change. It is just as important to ...

Summary ...

17.1 The Economic Rationale for Reducing Pollution LO 1 Pollution is a negative externality. Polluting firms and households goin ...

17.2 Pollution-Reduction Policies LO 2, 3 Direct regulatory controls are often inefficient because they require that all pollute ...

17.3 The Challenge of Global Climate Change LO 4 There is a clear scientific consensus that the burning of fossil fuels is addin ...

Key Concepts Negative pollution externalities Marginal external cost Costs and benefits of pollution abatement The efficient lev ...