In 1 paragraphs, explain what you think should be done economically to account for the environmental effects of using natural resources. Research and provide an overview of one non-economic solution that is currently underway to help the environment. Provide citations or your research.

Answer 1

To address the environmental impacts of using natural resources, there should be a shift towards a more sustainable economic model that accounts for the true cost of resource extraction and consumption. This can be done by implementing policies such as carbon pricing, which places a monetary value on carbon emissions and encourages businesses and individuals to reduce their environmental impact. Additionally, investing in renewable energy sources and promoting circular economy practices can help reduce the reliance on finite resources and minimize waste.

One non-economic solution that is currently underway to help the environment is the implementation of plastic bans and restrictions. Many countries and cities around the world have introduced regulations to limit the use of single-use plastics, such as plastic bags and straws, in order to reduce plastic pollution in oceans and waterways. For example, the European Union has banned single-use plastics like straws and cutlery in an effort to combat plastic waste and protect marine life [source: CNN]. This approach tackles the environmental issue at its source by reducing the amount of waste generated and preventing plastic pollution from entering ecosystems.