Governments Taking Action

The video discusses various environmental policies and their economic impacts. It highlights Ecuador's constitutional change to prioritize the environment, British Columbia's carbon tax, and California's cap and trade system. The success of the Montreal Protocol in reducing CFC emissions is also covered. The video emphasizes market-based solutions for environmental issues, showing that economic growth can coincide with emission reductions.

What was the primary goal of Ecuador's constitutional change regarding the environment?

• To ban all oil exploration activities

• To prioritize economic growth over environmental concerns

• To ensure the natural environment is treated equally with the economic environment

• To increase taxes on all businesses

How did British Columbia, Canada, encourage businesses to reduce pollution?

• By banning all forms of pollution

• By providing subsidies for fossil fuels

• By offering tax breaks for reducing pollution

• By increasing payroll taxes

What is the main mechanism used in California's cap and trade system?

• Setting a fixed price for carbon emissions

• Banning all greenhouse gas emissions

• Auctioning permits that decrease over time

• Providing unlimited permits to businesses

What was the outcome of the Montreal Protocol regarding the ozone layer?

• The problem was solved quickly through a market-based mechanism

• The ozone hole expanded significantly

• Countries failed to agree on a solution

• The use of CFCs increased

What is a common misconception about environmental actions and the economy?

• Environmental actions have no impact on the economy

• Environmental actions are irrelevant to economic discussions

• Environmental actions harm the economy, but evidence shows otherwise

• Environmental actions always lead to economic growth