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Growth, Development and Environmental Economics in Asia discussion at Chatham House, London
Growth, Development and Environmental Economics in Asia discussion at Chatham House, London
Air pollution is an example of market failure, as the factory is imposing a negative external cost on the community.
Air pollution is an example of market failure, as the factory is imposing a negative external cost on the community.
Nitrogen cycle
Nitrogen cycle
Oxygen cycle
Oxygen cycle
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The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
Exergy analysis can be performed to find connections between economic value and the physical world. Here the costs of heating (vertical axis) are comp
Exergy analysis can be performed to find connections between economic value and the physical world. Here the costs of heating (vertical axis) are compared with the exergy content of different energy carriers (horizontal axis). Red dots and trend line indicate energy prices for consumers, blue dots and trend line indicate total price for consumers including capital expenditure for the heating system. Energy carriers included are district heating (D), ground-source heat pump (G), exhaust air heat pump (A), bioenergy meaning firewood (B), heating oil (O) and direct electric heating (E).