Econ 1-22 Environmental Economics

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Across
  1. 2. Discovering ___ ___ energy sources is an option when reducing the demand for fossil fuels.
  2. 5. Since renewable energy is expensive, a possible solution is being more ___ with current fossil fuels, instead of banning them entirely.
  3. 7. Many nations are attempting to reduce CO2 emissions. They have created international ___ with their trading partners.
  4. 11. ___ ___ is the main cause of greenhouse gases, the topic for environmental economics. .
  5. 12. Markets are not producing the amount of pollution that society wants (which is zero), so pollution is a ___ ___ .
  6. 13. Governments can create permit markets with ___ & ___ policies, which limit how much a firm pollutes, & allows them to buy & sell pollution permits.
  7. 17. Since current fossil fuels are ___ ___ , the government must influence markets with taxes, laws, & subsidies, in order to incentivize new fuels.
  8. 18. To reduce greenhouse gas, once you know cars & factories are the cause, reduce the ___ & ___ of these causes. Which is the hard part.
  9. 19. To reduce greenhouse gas, we must first ___ the ___ , which are cars & manufactures.
  10. 20. Instead of regulations & subsidies, the government could increase ___ on vehicles, roads, gas, or anything related to combustion engines.
Down
  1. 1. Instead of taxes & subsidies, the government can create ___ ___ to limit the CO2 created by factories.
  2. 3. The Recovery & ___ Act was created to combat the 2008 Financial Crisis, but it also devoted billions of dollars to subsidize renewable energy.
  3. 4. Instead of regulations & taxes, the government can ___ the manufacturing of alternate fuel sources, like turbines & solar panels.
  4. 6. Producers need to change, but so do consumers. We might need better thermostats & ___ to make a lasting difference in the environment.
  5. 8. ___ of the ___ is an obstacle to reducing supply. If no one else uses green tech, why would you? A global police force does not exist.
  6. 9. Rebound effect might occur if fuel efficiency ___ the demand for gas, making fossil fuels cheaper & more available for home generators.
  7. 10. ___ effect is when the benefits of energy efficiency are reduced as people change behavior. e.g. subsidies for an electric car are spent vacationing in a jet.
  8. 14. Rebound effect might occur if fuel-efficiency makes driving cheaper, so more people ___ ___ & now more gas is being burned.
  9. 15. When the unintended cost of a product is climate change, & it is paid by consumers, this cost becomes a negative ___ .
  10. 16. Instead of regulations, the government can create ___ ___ that encourage factories and people to pollute less, a reward.