In March 2014, Paris, France, was affected by a particulate matter episode. Private car use was highly restricted for days. On other side of the planet, a Chinese company was launching a new product: smog insurance for domestic travellers whose stay was ruined by poor air quality. So how much is clean air worth? Can economics help us reduce pollution? We take a closer look at basic economic concepts.
We are using more and more of natural resources due to population growth, lifestyle changes and increasing personal consumption. To tackle our unsustainable consumption, we need to address the entire resource system, including production methods, demand patterns and supply chains. We take a closer look at food.
Our well-being depends on using natural resources. We extract resources, and transform them into food, buildings, furniture, electronic devices, clothes, etc. Yet, our exploitation of resources outpaces the environment’s ability to regenerate them and provide for us. How can we ensure the long-term well-being of our society? Greening our economy can certainly help.
For references, please go to www.eea.europa.eu/soer or scan the QR code.
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