Economic growth leads to increased consumption of goods and services, which in turn increases demand for energy.

Moral hazard is a type of information asymmetry that occurs when one party to a transaction has more information than the other party, leading to inefficient outcomes. It is not a type of market failure that can lead to environmental degradation.

The Coase Theorem states that if property rights are well-defined and transaction costs are low, then externalities can be eliminated through bargaining between the parties involved.

Oxygen is not a greenhouse gas because it does not absorb infrared radiation.

The Kyoto Protocol is an international agreement that aims to reduce greenhouse gas emissions, promote renewable energy development, and increase energy efficiency.

Nuclear energy is not a type of renewable energy source because it does not rely on naturally replenished resources.

The term 'carbon footprint' refers to the amount of greenhouse gases emitted by a product or service, typically measured in kilograms of carbon dioxide equivalent.

Traffic congestion is a type of economic externality, but it is not an environmental externality.

Sustainable development is a concept that seeks to balance economic growth with environmental protection, ensuring that the needs of the present are met without compromising the ability of future generations to meet their own needs.

Auction markets are not a type of energy market. They are used to trade a variety of goods and services, including energy commodities.

Energy efficiency refers to using less energy to perform the same task, typically through the use of more efficient technologies or practices.

Voluntary regulation is not a type of environmental regulation. It refers to self-imposed regulations that are not mandated by government.

Peak oil refers to the point at which global oil production reaches its maximum, after which it is expected to decline.

Geothermal is not a type of renewable energy technology. It is a type of non-renewable energy technology that relies on heat from the Earth's interior.