Reference no: EM132190905

Prepare: Read Chapters 1 and 2 in Environmental Policies and all required resources as listed in the Student Course Guide.

Reflect: In Chapter 2 of Environmental Policies, the author discusses common pool resources and some of the challenges we face in sustainably managing these very important natural assets.

One challenge comes from the fact that access to these resources by one person diminishes the ability of another person to concurrently use the resources. In addition, another challenge comes from the fact that it is almost impossible to limit the access to these resources. Consequently, sustainably managing these resources often requires approaches that are innovative, flexible, and adaptable.

Write: You will be assigned to research a specific common pool resource based on the first letter of your last name.

If your last name begins with A to G, you must research Aquifers.

In your initial post of at least 250 words, using the required resources and any additional credible resources that would enhance the strength of your argument, complete the following:

Discuss if your assigned common pool resource is best managed by privatization or through collective action and why.

Discuss how the concepts of rivalry and excludability affect the management of this resource.

Select one of the following ethical principles and explain how it creates a dilemma when managing your common pool resource:

Intergenerational equity

Precautionary principle

Sustainable development

Polluter pays