Question

How is economics being used to solve environmental issues?

Answer 1

Explanation:

The environmental sciences have documented large and worrisome changes in earth systems, from climate change and loss of biodiversity, to changes in hydrological and nutrient cycles and depletion of natural resources. These global environmental changes have potentially large negative consequences for future human well-being, and raise questions about whether global civilization is on a sustainable path or is “consuming too much” by depleting vital natural capital (13). The increased scale of economic activity and the consequent increasing impacts on a finite Earth arises from both major demographic changes—including population growth, shifts in age structure, urbanization, and spatial redistributions through migration and rising per capita income and shifts in consumption patterns, such as increases in meat consumption with rising income (19, 20).