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The Tragedy of the Commons

Stuff You Should Know

CHAPTER

Navigating Environmental Trading Markets

This chapter examines environmental trading markets (ETMs) with a focus on fisheries and pollution control, highlighting cap-and-trade systems for emissions reduction. It critiques the Tragedy of the Commons and explores historical practices in natural resource management, arguing for indigenous approaches over neoliberal ideologies. The discussion also reflects on how narratives influence societal norms and the shift in perceptions regarding property ownership due to the enclosure movement.

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