Economics of the environment

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Question

Economics of the Environment

1. Describe what is meant by the "tragedy of the commons" and how it applies to other natural resource systems.

2. Does central government control provide a reliable solution for the sustainable management of common pool resources? Explain your answer.

3. What other potential solution(s) exist for the sustainable management of common pool resources?

4. What are the key requirements for adaptive governance of environmental resources?

5. What are they key challenges facing humanity in developing an effective governance system to manage global GHG emissions?

Reference no: EM133775335

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