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Environmentally honest market system

Index Environmentally honest market system

In economics, an environmentally honest market system (abbr. honest market) refers to a market which reflects ecological and environmental health costs such as resource depletion and pollution. [1]

30 relations: Acid rain, Air pollution, Climate change, Compost, Ecology, Economics, Ecosystem health, Efficient energy use, Emissions trading, Energy subsidies, Environmental full-cost accounting, Environmental health, Externality, Fossil fuel power station, Free market, Incentive, Landfill tax, Market (economics), Mining, Pigovian tax, Pollution, Price of oil, Profit motive, Recycling, Regressive tax, Resource depletion, Subsidy, Transport, Waste management, World Bank.

Acid rain

Acid rain is a rain or any other form of precipitation that is unusually acidic, meaning that it has elevated levels of hydrogen ions (low pH).

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Air pollution

Air pollution occurs when harmful or excessive quantities of substances including gases, particulates, and biological molecules are introduced into Earth's atmosphere.

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Climate change

Climate change is a change in the statistical distribution of weather patterns when that change lasts for an extended period of time (i.e., decades to millions of years).

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Compost

Compost is organic matter that has been decomposed in a process called composting.

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Ecology

Ecology (from οἶκος, "house", or "environment"; -λογία, "study of") is the branch of biology which studies the interactions among organisms and their environment.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Ecosystem health

Ecosystem health is a metaphor used to describe the condition of an ecosystem.

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Efficient energy use

Efficient energy use, sometimes simply called energy efficiency, is the goal to reduce the amount of energy required to provide products and services.

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Emissions trading

Emissions trading, or cap and trade, is a government, market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

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Energy subsidies

Energy subsidies are measures that keep prices for consumers below market levels or for producers above market levels, or reduce costs for consumers and producers.

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Environmental full-cost accounting

Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs by collecting and presenting information about the possible environmental, social and economical costs and benefits or advantagesin short, about the "triple bottom line"for each proposed alternative.

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Environmental health

Environmental health is the branch of public health concerned with all aspects of the natural and built environment affecting human health.

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Externality

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.

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Fossil fuel power station

A fossil fuel power station is a power station which burns a fossil fuel such as coal, natural gas, or petroleum to produce electricity.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Incentive

An incentive is something that motivates an individual to perform an action.

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Landfill tax

A landfill tax or levy is a form of tax that is applied in some countries to increase the cost of landfill.

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Mining

Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an orebody, lode, vein, seam, reef or placer deposit.

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Pigovian tax

A Pigovian tax (also spelled Pigouvian tax) is a tax on any market activity that generates negative externalities (costs not included in the market price).

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Pollution

Pollution is the introduction of contaminants into the natural environment that cause adverse change.

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Price of oil

The price of oil, or the oil price, (generally) refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent ICE, Dubai Crude, OPEC Reference Basket, Tapis Crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS).

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Profit motive

In economics, the profit motive is the motivation of firms that operate so as to maximize their profits.

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Recycling

Recycling is the process of converting waste materials into new materials and objects.

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Regressive tax

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

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Resource depletion

Resource depletion is the consumption of a resource faster than it can be replenished.

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Subsidy

A subsidy is a form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy.

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Transport

Transport or transportation is the movement of humans, animals and goods from one location to another.

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Waste management

Waste management or waste disposal are all the activities and actions required to manage waste from its inception to its final disposal.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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References

[1] https://en.wikipedia.org/wiki/Environmentally_honest_market_system

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