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This lecture is from Economics of Environmental Resources. Key important points are: Kuznets Curve, Environmental Economics, Greater Economic Growth, Income Elasticity, Soil Degradation, Air Quality, Air Quality Suspended Particulate Matter, Sulfur Dioxide, Municipal Wastes, Greenhouse Gases
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Kuznets Curve
Pp 36-
Does greater economic growth always hurt the environment?
EKC Hypothesis: income elasticity of environmental degradation and resource depletion turns from positive at lower levels of per capita income to negative at higher levels.
Is the relationship of income and degradation linear or inverted U shaped?
Answer: depends on pollutant
Soil degradation
Deforestation
Air quality—sulfur dioxide
Air quality-suspended particulate matter
Municipal Wastes
Some Greenhouse gases
Depletion of fossil fuels
Deforestaion: $4000-$5000 in Africa and Latin America-
SO 2 -- $20,000 in US
