Answer the following questions:   a) In the framework of offsetting biodiversity: i) Why obeying "Mitigation Hierarchy" is important? Explain the steps, briefly

Answer the following questions:

a) In the framework of offsetting biodiversity:

i) Why obeying "Mitigation Hierarchy" is important? Explain the steps, briefly.

ii) What locality, additionality, and surrogate measures mean?

b) Compare the neoclassical and ecological views about economic growth and sustainability.

c) Define the two ways that liability laws can be defined to deal with environmental damages. Compare the application of these forms of liability laws and applications of Coase Theorem.

d) Very briefly explain how the ecological principle #2 puts limitations on sustainable economic growth.