Across
- 4. A regulatory strategy where the government sets specific limits or standards for pollution or resource use and enforces penalties for violations.
- 5. A situation in which markets fail to allocate resources efficiently, often leading to environmental harm.
- 8. A tax on activities or products that harm the environment, intended to reduce environmental damage by encouraging more sustainable practices.
- 10. A set of laws and regulations aimed at protecting the environment and managing natural resources.
- 12. A financial incentive provided by the government to encourage certain activities or reduce the cost of goods or services.
- 14. A set of principles or rules that guide decision-making in governments, organizations, or businesses.
- 15. The study of how economic activities affect the environment and how policies can address these impacts.
- 16. A process used to evaluate the environmental consequences of proposed projects or policies before they are carried out.
Down
- 1. The amount of a good or service that consumers are willing and able to buy at a given price.
- 2. A system where a limit (cap) is set on emissions, and companies can buy or sell permits (trade) to emit a certain amount of pollution. This creates financial incentives to reduce emissions.
- 3. A decision-making process that compares the costs of an action to its benefits.
- 6. The value of goods or services that are not traded in markets, such as clean air or biodiversity.
- 7. The study of how people and societies use limited resources to satisfy their needs and wants.
- 9. A branch of economics that studies the relationship between ecosystems and economic systems, focusing on sustainability.
- 11. The amount of a good or service that is available to consumers at a given price.
- 13. A labeling system that certifies products as environmentally friendly, helping consumers make sustainable choices.