Economics of Environmental Pollution and Market Failures

What is the primary focus of environmental economics?

• Promoting global trade

• Studying financial markets

• Balancing economic growth with natural resource conservation

• Maximizing industrial output

What type of pollution is primarily discussed in the video?

• Carbon dioxide emissions

• Plastic waste in oceans

• Nuclear waste

• Pesticides in agriculture

What is a major cause of carbon dioxide emissions according to the video?

• Solar panels

• Factories burning fossil fuels

• Organic farming

• Hydroelectric plants

What does the 'Tragedy of the Commons' refer to in the context of environmental economics?

• The collapse of financial markets

• Overuse of shared resources due to lack of individual accountability

• Loss of common cultural practices

• Government corruption

Which policy is described as setting limits on pollution and allowing firms to buy and sell permits?

• Cap and trade

• Direct regulation

• Subsidy reform

• Taxation policy

What percentage of the world's energy consumption is predicted to come from renewable sources by 2040?

• 5%

• 25%

• 10%

• 15%

What is the rebound effect in the context of energy efficiency?

• The financial return on energy investments

• The collapse of the non-renewable energy sector

• Increased energy use due to behavioral changes after efficiency improvements

• A decrease in energy prices

Which country leads the world in renewable energy investment?

• India

• Germany

• United States

• China

What is the role of consumers in addressing environmental issues according to the video?

• Consumers need to make more thoughtful choices

• Consumers should rely on technology only

• Only governments need to act

• Consumers have no role

What international action is mentioned as a way to combat climate change?

• UN negotiations for a climate change agreement

• Worldwide shutdown of all industries

• Mandatory recycling laws

• Global ban on all fossil fuels