Week 12 Sustainable development and Management (II) (Introductory…
Week 12 Sustainable development and Management (II)
Life cycle Analysis(LCA)
To evaluate the environmental application of products.
Application of LCA
To help create product statements
To compare alternative products, processes & activities
Commons- resources owned publicly with access for public use.
Externality- indirect cost
Direct cost- cost born by producer and is passed directly onto user
Ecological economics- value of natural services into price calculations.
Introductory Environmental Economics
Risk Benefit Analysis
Cost of pollution
Public service function
Optimal level of pollution
To clean development mechanisms & joint implementation.
Removal unit (RMU)
Emission reduction unit (ERU)
Certified emission reduction (CER)
Clean development mechanism
Allows a country to implement an emission-reduction project in developing countries
Provide additional reduction in emission by sources.