Environmental Economics-Environmentally Sustainable Development (IEcoS (Economic Services) Economics Paper-3): Questions 1 - 9 of 10

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Question number: 1

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2017

Essay Question▾

Describe in Detail

Explain the role of Green Climate Fund. (100W, 5 Marks)

Explanation

  1. Green climate fund, result of UN-led climate negotiations, aims to raise $100 billion a year by 2020 to assist, particularly, developing countries, and small island nations to deal with and adapt to climate change.
  2. The fund set up by 194 nations party to UNFCCC plays an important role in serving the Paris agreement signed in 2015 and supporting the

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Question number: 2

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2017

Essay Question▾

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What do you understand by carbon trading? (100w, 5 Marks)

Explanation

  1. Carbon trading or carbon an emission trading is market based tool used by countries to meet obligations to regulate Greenhouse gases or climate change. It is a system of buying and selling emissions as a commodity.

  2. This system of trading originated with Kyoto protocol in 1997 and is intended to reduce overall emissions to 5 per cent below 1990 level

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Question number: 3

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2010

Essay Question▾

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Explain Schumpeterian concept of innovation.

Explanation

  • Schumpeter assumes a perfectly competitive economy which is in stationary equilibrium.

    • In such a stationary state, there is perfect competitive equilibrium: no profits, no interest rates, no savings, no investments and no involuntary unemployment.

    • This equilibrium is characterized by Schumpeter as “circular flow”.

  • In a circular flow, from which we alw

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Question number: 4

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2011

Essay Question▾

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Discuss the travel cost method of assessing the environmental value of a tourist site.

Explanation

  • It is used for calculating the economic values of environmental goods.

    • It is mainly applied for determining the economic values of sites that are used for recreation such as national parks. This method is based on the assumption that travel cost represents the price of access stand to that site.

    • Thus, people’s willingness to pay for a visiting a site

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Question number: 5

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2012

Essay Question▾

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Discuss the role of property rights and transaction costs in relation to Coase Theorem.

Explanation

The article ‘The Problem of Social Cost’ was published in the journal of ‘Law and Economics’ in 1960. He argued that govt. need not be involved in internalizing the externalities.

  • Private bargain and negotiations can lead to efficient solution without government intervention. This view is popularly called Coase theorem.

  • The basic idea of this theorem

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Question number: 6

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2010

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Explain the causes and consequences of global climate change and analyze international initiatives taken under this regard.

Explanation

  • Global warming refers to an ever increasing and continuing rise in the average temperature of the climate system of the Earth.

    • Causes: The drastic increase in the emission of carbon dioxide within the past few years, caused by burning fossil fuels has been the major reason for the change of temperature in the atmosphere. More than of the worl

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Question number: 7

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2010

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What do you mean by environmental pollution? Evaluate different mechanisms to control environmental pollution.

Explanation

Environmental pollution is defined as the contamination of the physical and biological components of the earth/atmosphere system to such an extent that normal environmental processes are adversely affected.

Mechanisms to control environmental pollution:

  • Water prevention and control of pollution act, 1974 enacted to deal with water pollution. This act

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Question number: 8

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2010

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Explain Schumpeterian concept of innovation.

Explanation

Schumpeter assumes a perfectly competitive economy, which is in stationary equilibrium. In such a stationary state, there is perfect competitive equilibrium: no profits, no interest rates, no savings, no investments, and no involuntary unemployment. This equilibrium is characterized by Schumpeter as “circular flow”.

  • In a circular flow, from which we

… (411 more words) …

Question number: 9

» Environmental Economics » Environmentally Sustainable Development

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Appeared in Year: 2010

Essay Question▾

Describe in Detail

Write a short note on Negative externalities.

Explanation

A negative externality is a cost that is suffered by a third party as a result of an economic transaction.

  • In a transaction, the producer and consumer are the first two parties, and third parties include any individual, organization, property owner, or resource that is affected indirectly.

  • Externalities are also referred to as spill over effects, and

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