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​Environmental sustainability

In this topic you will learn to:

​Examine economic issues
​

  • ​examine the economic issues associated with the goal of ecologically sustainable development

Apply economic skills

  • identify and analyse problems facing contemporary and hypothetical economies
  • use economic concepts to analyse a contemporary environmental issue

You will learn about:

Environmental sustainability
• ecologically sustainable development
• private and social costs and benefits – externalities, market failure
• public and private goods – free riders
• environmental issues:
– preservation of natural environments
– pollution, climate change
– depletion of renewable and non-renewable resources.

HSC Questions

2020
Question 26 (20 marks)

Assess the effectiveness of government economic policies and international agreements in the management of the environment in Australia.
​

Answers could include:
• National policies (local, state, federal policies)
– Regulations
– National heritage trust establishment/bush care and clean seas programs eg preservation of Uluru, Kakadu and Great Barrier Reef
– National water initiative
– Murray–Darling Basin Commission
– Water for future program
– Desalination plant initiatives
– Clean energy initiative
– Solar flagship programs
– Renewables Australia to support renewable research
– Local council water restrictions
• Market-based policies
– Carbon pricing scheme
– Emissions reduction fund/direct action fund
– National energy guarantee
– Taxation policies for use of green technology
– Permit-based system for use of natural resources
– Incentives to manage eco-tourism
• Technology investment roadmap discussion paper
– Reliability of renewable energy
– Balance towards renewable energy sources
• Targets
• International agreements
– Vienna Convention 1987
– Montreal Protocol 1989
– Convention on Biological diversity 1993
– Convention to combat diversification, to address land desertification 2000
– Stockholm Convention 2004
– Kyoto Protocol 2008
– Paris Agreement on Climate change 2016
– 2019 United Nations Climate Change Conference – COP25 Chile – Madrid, Spain
– 2018 United Nations Climate Change Conference – COP24 Katowice, Poland
– UN Fish Stocks Agreement
– 2020 United Nations Climate Change Conference COP24 Glasgow, Scotland
• Climate Solutions Fund
• Emission Reduction Fund
• Snowy 2.0 – Snowy Hydro
• The national electricity market
• National electric vehicle strategy
• Limitations
– political constraints
– time lags
– global response.
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ECONOMICS OF THE ENVIRONMENT

Head to Core-econ's chapter discussing the economics of the environment. 
​Investigate how economic activity affects the fragile biosphere of our planet, and how the resulting environmental problems can be addressed.
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  • Home
  • Assessment
    • Y11
    • Y12
  • FOR TEACHERS
  • Preliminary
    • THE ECONOMICS OF EVERYTHING >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
      • WEEK 7
      • WEEK 8
      • WEEK 9
      • WEEK 10
      • WEEK 11
    • CURIOUS CHOICES >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
      • WEEK 7
      • WEEK 8
      • WEEK 9
      • WEEK 10
    • THE WORLD IS NOT FLAT >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
    • TO INFINITY AND BEYOND >
      • LABOUR MARKET INSTITUTIONS
  • HSC
    • THE GLOBAL ECONOMY >
      • INTEGRATION
      • TRADE
      • ECO DEVELOPMENT
    • AUSTRALIA'S PLACE IN THE GLOBAL ECONOMY >
      • AUS TRADE & FIN FLOWS
      • EXCHANGE RATES
      • PROTECTION IN AUS
    • ECONOMIC ISSUES >
      • ECONOMIC GROWTH
      • UNEMPLOYMENT
      • INFLATION
      • EXTERNAL STABILITY
      • INCOME & WEALTH
      • ENVIRONMENT
    • ECO POL & MMENT >
      • OBJECTIVES
      • FISCAL POLICY
      • MONETARY POLICY
      • MICRO POLICIES
      • LABOUR MKT POLICIES
      • ENVIRONMENTAL POLICY
      • LIMITATIONS
  • Contact