Economic Growth and Environmental Sustainability

What this note covers

1. The Tension Between Economic Growth and Environmental Sustainability
2. Market Failure and the Economic Case for Policy Intervention
3. Carbon Pricing: Pigouvian Taxes and the Australian Experience
4. Emissions Trading Schemes (ETS): Cap-and-Trade Mechanisms
5. Regulatory Policy Responses: Direct Controls and Standards
6. International Agreements and the Challenge of Global Coordination
7. Evaluating Policy Responses: Trade-offs, Effectiveness, and the Australian Context

7 sections · 14 key terms & formulas · 6 common mistakes