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Essay / Research Paper Abstract
This 3 page paper examines 5 sources to see if there is a consensus on whether or not the market is the answer to climate change. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: KV32_HVclichg.rtf
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the threat, who advocates each approach and why. Discussion A 2002 article in the Economist points out that 30 years ago, Congress passed legislation such as the Clean Air Act
to try and deal with the problem of cleaning up the environment. The article argues that this sort of "top-down" approach, while it had some benefits, would not work as
well as a market-driven approach.1 The main players in this example are environmental groups such as the National Resources Defense Council (NRDC), that backed such legislation.2 Now, however a group
called Environmental Defense is calling for different measures such as amending the Clean Air Act to allow an "emissions-trading system" to reduce pollution.3 The article also points out that it
may be that if first world countries have sustainable development it is because third world countries do not.4 The author wonders if this is acceptable, and how much we owe
the future. The assumption here seems to be that the market offers a zero-sum solution; that is, in order for there to be a favorable/positive outcome in one situation there
must be an unfavorable/negative outcome in another. It also assumes that participation in the market is limited and that only the more developed countries will benefit in this case. The
next source is an article by Professor Mike Hulme who comments on the Stern Review that was released in England in 2006. He notes that the key message of the
Stern report is that unless action is taken on climate change, there can be no economic security for the nations of the world.5 He is of the opinion that although
the report is a substantial body of work, it is quite likely to have only limited significance and may not be relevant in ten years.6 This seems to be due
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