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i need examples please with some description. Thanks Free Market Environmentalis

ID: 376896 • Letter: I

Question

i need examples please with some description.
Thanks

Free Market Environmentalism (FME) focuses on improving quality of environment through property rights and markets Belief that free market can be more effective than government in solving environmental issues. When rights to resources are defined and easily defended against invasion, all individuals or corporations, whether potential polluters or potential victims, have an incentive to avoid pollution problems. When air or water pollution damages a privately owned asset, the owner whose wealth is threatened will gain by seeing-in court if necessary-that the threat is abated. liability for pollution is a powerful motivator when a factory or other potentially polluting asset is privately owned

Explanation / Answer

Examples of Free market environmentalism

1. Cadiz Inc. owns a 45000 acre land in the Mojave desert. The comoany’s entrepreneurial vision has made it possible to capture ground water and pipe it to the thirsty municipalities in Southern California.

2. JD Irving Woodlands, a Canadian diversified industrial group has one of its major divisions selling forest products like lumber and paper. Keeping in mind that the long term sustainability of its forest business relies on the survival of the forests, the company has a biodiversity strategy. JD Irving’s Unique Areas conservation program has aside over 2000 sites from commercial forestry operations to protect the habitat.