Right now, I'm using natural resources like water, electricity, and materials from my furniture and electronics. The economic benefits include convenience and comfort, but the costs can be environmental damage and climate change from resource extraction and fossil fuel use. To address these issues, we should implement carbon pricing to make polluters pay for environmental damage and promote renewable energy solutions.
Using the information in the discussion introduction, and the information presented in the articles, think about the benefits and costs, both economic and environmental, of using natural resources in a globalized world.
What natural resources are you using right now? What natural resources went into creating the objects around you? What economic benefits are you or others receiving from your use of natural resources? What might be some of the economic or environmental costs that stem from your use of natural resources?
What do you think should be done economically, if anything, to account for the environmental effects of using natural resources, especially fossil fuels that are driving human-caused climate change? Use information from the discussion introduction, articles, and your own ideas to inform your answer. If you feel that non-economic solutions should be used, propose those solutions.
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