Green Capitalism

What was up with the nature conservancy?

Was getting funding from shell, and the conservancies have invested the money to extract more

Market based climate solutions

use low hanging fruit - blame the consumer for environ. problems
this is how companies rationalize their actions

Environmental groups and challenges?

If environ. groups tried to challenge the popular pro-market they risked losing their power, funding and influence ->went pro-business

How did Environ. groups start to change?

had to pitch themselves in a way of collaboration with larger cooperations
if you can’t beat them, join them

Economic development AND the environment

put caps on all / nation emissions instead of targeting specific businesses
helped / making companies appear clean or taking environmental issues seriously
creates public uncertainty!

“offsetting emmissions”

it is easier to stop politically weak people in a poor country than to stop politically powerful cooporate emitters
easier to pick the fruit, than dig up the roots

Liquid nature

money to plant trees is allowing pollution to happen elsewhere

Coase

environ. problems can be solved through contracts, this allows for the discovery of REAL costs and values of the environment

Green taxes / cap and trade

drive companies to find resources elsewhere / set max emissions and then transferring emissions

Decisions about the environment now with the consideration of the market?

hard, money is almost never distributed equally
people with less $ are always going to be left out

Market + environment argument

-wealth generated by markets solves environmental problems
-gov’t interventions harm the environ. because it skews priorities
-free-market policy & property rights are the best to solve environmental problems

What did kelin say?

We move from a period of su-bastards, to making markets for the bastards

(L) Neoclassical econ/ market liberal / free market/ market based / neoliberal

Believe scarcity is good

(L) Simon

population growth is at the root of innovation (population - scarcity - innovation)

(L) can everything be determined by the market response model and price?

No clean air, beaches

(L) externality

side effect of an economic activity that negatively effects a third party who is not involved in an activity

(L) externality and the coast theorem

externalities can be managed through bargaining & contracts bw the pollutor and affected party BUT THERE MUST BE
-well defined property rights
-have a lawyer that is cheap
-completely transparent information
the theorem is too idealistic bc relations in society aren’t equal