Microeconomics › Section L · Environmental protection and negative externalities › Topic L.5
International environmental issues
Greenhouse gases and disappearing species cross borders like water crosses a fence - and behind every border sits a government with only its own voters to answer to. International environmental problems are externalities between nations, and fixing them means making nearly two hundred self-interested players cooperate with no world government to make them.
In this topic
- Externalities between nations
- The two archetypes: warming and biodiversity
- The rich-poor divide
- Cooperation without enforcement
- The Paris Agreement
- Worked example: the side-payment arithmetic
- Worked example: paying for a standing forest
- Antibiotic resistance: a slow global commons problem
- Common mistakes to avoid
- Key takeaways
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