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AEM 250 -3 - determine the degree of risk to a species b...

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1. Standard Economic valuation system: anthropocentric view – value that humans place on species and ecosystems. a. Use value – direct, indirect and altruistic value b. Option value c. Existence value (bequest, intrinsic) 2. A characteristic feature of the ecological economic system is that its dynamics are discontinuous around threshold values for species and their habitats and for ecosystem processes and function 3. Environmental damages, including loss of the ecosystem resilience, often occur abruptly and not frequently reversible. 4. Precautionary approach – so as to maintain the diversity and resilience of ecosystems and species. 5. Historical background on Endangered Species Act a. Endangered species preservation act – protected threatened species in so far as in practicable and consistent b. Endangered species conservation … 6. Even if you adopt a SMS or Animals have rights to exist approach, economics still matters for endangered species protection a. because human behavior generally and economic parameters in particular help
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Unformatted text preview: determine the degree of risk to a species b. economics matter because in a world of scarce resources, the opportunity costs of species protection – in terms of reduced resources for other worthwhile causes – must be taken into account for decision making. (Adopt cost-effectiveness approach) c. because economic incentives are critical to shape human behavior and consequently the recovery of a species. Climate Change I 1. Sources of greenhouse-gas emissions a. Energy emissions-Power-Transport-Buildings-Industry-Others b. Non-energy emissions-Agriculture-Land use-Waste 2. A world view a. Goals:-2 degrees centigrade-450 parts per million CO2-20-40% reduction in emissions in 2020 relative to 1990 levels 3. Mitigation, 5 critical economic issues-What are the benefits of abatement?-What are the costs of abatement?-What is the optimal level of abatement?-What is the optimal time path to reach a target?-What policy tools should be employed to reach the target? 4....
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