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Alharbi Word 3g Environmental Newsletter And Research Paper

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Memphis Primary Materials
Volume 1, Number 4 April
RESEARCH ON ENVIRONMENTAL ECONOMICS
The Harvard Environmental Economics Program
(HEEP) conducts research on the impact of
environmental issues on local economies and on
a global scale. The program brings together
“faculty and graduate students engaged in
research, teaching, and outreach in
environmental and natural resource economics
and related public policy.”
Harvard Faculty Fellows collaborate with a broad
range of experts in industry, universities,
government, and private think tanks to provide
up-to-date research on topics in environmental
economics.
Research topics include global climate change,
costs and benefits of environmental protection,
political implications of environmental policy,
corporate social responsibility, natural resource
economics, environmental employment, and
energy policy. Many of these issues are directly
related to the businesses in and around the
Memphis metropolitan area. Additional
information can be found on the United States
Environmental Protection Agency website.
THE HARD COSTS OF POLLUTION
A University of Maine Researcher has
determined that the annual cost in Maine of
childhood diseases caused by pollutants is
$380.9 million. Maine has already adopted
policies to combat the effects of pollution, such
as screening children for lead, which have
lowered disease rates and lowered costs.
“It is clear that reducing childhood exposure to
environmental pollutants would provide a
sizeable economic benefit to the state,” the
report concludes. Conditions reported to be
caused by pollution include lead poisoning,
cancer, and asthma. Lead poisoning accounts for
$268 million in annual costs.
ENVIRONMENTAL ECONOMICS CONFERENCE
Memphis Primary Materials is a cosponsor of the
upcoming Memphis Environmental Economics
Conference, which will be held in the Civic
Auditorium on September 23-24. The
conference will focus on the anticipated rapid
growth of “green jobs” during the coming
decade, and the impact that these jobs are likely
to have on worldwide environmental economics.
For additional information about environmental
economics, see the attached white paper
entitled Environmental Economics and Business.
For more information about the conference
sessions, along with an online registration form,
go to:
www.memphisprimarymaterials.com/MEEC

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James Jaworski
Thomas Freeman
Research and Development
May 23, 2021
Environmental Economics and Business
Environmental economics is the field of economics that studies environmental issues and their
effect on the larger economy. Environmental economists attempt to assess the value of the
environment and the tangible benefits of natural resources and the ecosystem. They study the
economic effects of environmental regulations, pollution, environmental-based tax policies, and
property rights. Environmental economics differs from ecologic economics in that environmental
economists are generally trained as economists and study the environmental effects on markets,
particularly where there is market failure. Ecologic economists, on the other hand, are generally trained
as ecologists who have expanded their field of study to include the effects of humans and industry on
ecological systems.
Environmental economists have a role in the business of the economy. Investors are now trying
to make profits from growing environmental awareness by investing in financial instruments such as
energy commodities and businesses such as wind power companies. In Europe, for example, investors
can trade in carbon permitsessentially, buying and selling the right to pollute. Since 2005, the
European Union has required major polluters to either cut the amount of carbon dioxide they emit, or
buy pollution credits on the open market. The United States may soon set up a similar system for the
buying and trading of greenhouse gas emissions. Environmental economists help to determine the
current price and the future price and value of these rights (Abboud A1).

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Memphis Primary Materials Volume 1, Number 4 April RESEARCH ON ENVIRONMENTAL ECONOMICS THE HARD COSTS OF POLLUTION The Harvard Environmental Economics Program (HEEP) conducts research on the impact of environmental issues on local economies and on a global scale. The program brings together “faculty and graduate students engaged in research, teaching, and outreach in environmental and natural resource economics and related public policy.” A University of Maine Researcher has determined that the annual cost in Maine of childhood diseases caused by pollutants is $380.9 million. Maine has already adopted policies to combat the effects of pollution, such as screening children for lead, which have lowered disease rates and lowered costs. Harvard Faculty Fellows collaborate with a broad range of experts in industry, universities, government, and private think tanks to provide up-to-date research on topics in environmental economics. Research topics include global climate change, costs and benefits of environmental protection, political implications of environmental policy, corporate social responsibility, natural resource economics, environmental employment, and energy policy. ...
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