Environmental Economics Part 1: The Tragedy of the Commons?
Environmental Economics seeks to put a dollar amount on environmental goods (clean air and water) and bads (pollution and contamination) so that we can quantify the costs and benefits that result from preserving or destroying nature. The current climate crisis is partly explained by the economic principle known as the Tragedy of the Commons, with one unique twist.
There is No Shortage of Solutions to the Problems We All Face
There are a multitude of solutions, adaptation, and mitigations available to us as we tumble forward into an increasingly hot reality. Sustainability means meeting our needs without compromising the ability of future generations to meet their needs. We can act locally, regionally, and nationally to decrease vehicle miles traveled, conserve soil and nutrients, electrify the grid with renewable sources, and disuse poisonous chemicals in agriculture. Let’s get to work while we still have the time and resources to prepare.