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Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and wildlife.
Sustainable development is an organizing principle for meeting human development goals while also sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining the integrity and stability of the natural system. Sustainable development was defined in the 1987 Brundtland Report as "development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs". As the concept of sustainable development developed, it has shifted its focus more towards the economic development, social development and environmental protection for future generations.
The Limits to Growth (LTG) is a 1972 report that discussed the possibility of exponential economic and population growth with finite supply of resources, studied by computer simulation. The study used the World3 computer model to simulate the consequence of interactions between the earth and human systems. The model was based on the work of Jay Forrester of MIT, as described in his book World Dynamics.
Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially. By treating the economy as a subsystem of Earth's larger ecosystem, and by emphasizing the preservation of natural capital, the field of ecological economics is differentiated from environmental economics, which is the mainstream economic analysis of the environment. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing strong sustainability and rejecting the proposition that physical (human-made) capital can substitute for natural capital.
Overconsumption describes a situation where the use of a renewable natural resource exceeds its capacity to regenerate. A prolonged pattern of overconsumption leads to the eventual loss of resource bases. The term overconsumption is quite controversial in use and does not necessarily have a single unifying definition. Overconsumption is driven several factors of the current global economy, including forces like consumerism, planned obsolescence, and other unsustainable business models and can be contrasted with sustainable consumption.
The ecological footprint is a method promoted by the Global Footprint Network to measure human demand on natural capital, i.e. the quantity of nature it takes to support people or an economy. It tracks this demand through an ecological accounting system. The accounts contrast the biologically productive area people use for their consumption to the biologically productive area available within a region or the world. In short, it is a measure of human impact on the environment.
The triple bottom line is an accounting framework with three parts: social, environmental and financial. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. Business writer John Elkington claims to have coined the phrase in 1994.
The Brundtland Commission, formerly the World Commission on Environment and Development, was a sub-organization of the United Nations (UN) that aimed to unite countries in pursuit of sustainable development. It was founded in 1983 when Javier Pérez de Cuéllar, the Secretary-General of the United Nations, appointed Gro Harlem Brundtland, former Prime Minister of Norway, as chairperson of the commission. Brundtland was chosen due to her strong background in the sciences and public health.
Environmental degradation is the deterioration of the environment through depletion of resources such as quality of air, water and soil; the destruction of ecosystems; habitat destruction; the extinction of wildlife; and pollution. It is defined as any change or disturbance to the environment perceived to be deleterious or undesirable.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."
Environmental resource management is the management of the interaction and impact of human societies on the environment. It is not, as the phrase might suggest, the management of the environment itself. Environmental resources management aims to ensure that ecosystem services are protected and maintained for future human generations, and also maintain ecosystem integrity through considering ethical, economic, and scientific (ecological) variables. Environmental resource management tries to identify factors affected by conflicts that rise between meeting needs and protecting resources. It is thus linked to environmental protection, sustainability, integrated landscape management, natural resource management, fisheries management, forest management, and wildlife management, and others.
A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a stationary state of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity.
Human overpopulation is the concept of a human population becoming too large to be sustained by its environment or resources in the long term. The idea is usually discussed in the context of world population, though it may also concern regions. Human population growth has increased in recent centuries due to medical advancements and improved agricultural productivity. Those concerned by this trend argue that it results in a level of resource consumption which exceeds the environment's carrying capacity, leading to population overshoot. The concept is often discussed in relation to other population concerns such as demographic push and depopulation, as well as in relation to resource depletion and the human impact on the environment.
Degrowth is a term used for both a political, economic, and social movement as well as a set of theories that critiques the paradigm of economic growth. It can be described as an extensive framework that is based on critiques of the growth-centered economic system in which we are living. Degrowth is based on ideas from a diverse range of lines of thought such as political ecology, ecological economics, feminist political ecology, and environmental justice, pointing out the social and ecological harm caused by the pursuit of infinite growth and Western "development" imperatives. Degrowth emphasizes the need to reduce global consumption and production and advocates a socially just and ecologically sustainable society with social and environmental well-being replacing GDP as the indicator of prosperity. Hence, although GDP is likely to shrink in a "Degrowth society", i.e. a society in which the objectives of the degrowth movement are achieved, this is not the primary objective of degrowth. Though the view is not supported by substantial quantitative evidence, the main argument of degrowth advocates is that an infinite expansion of the economy is fundamentally contradictory to finite planetary boundaries.
Sustainability is a societal goal that broadly aims for humans to safely co-exist on planet Earth over a long time. Specific definitions of sustainability are difficult to agree on and therefore vary in the literature and over time. Sustainability is commonly described along the lines of three dimensions : environmental, economic and social. This concept can be used to guide decisions at the global, national and at the individual level. In everyday usage of the term, sustainability is often focused mainly on the environmental aspects. The most dominant environmental issues since around 2000 have been climate change, loss of biodiversity, loss of ecosystem services, land degradation, and air and water pollution. Humanity is now exceeding several "planetary boundaries". Reducing these negative impacts on the environment would improve environmental sustainability.
In environmental science, the concept of overshoot means demand in excess of regeneration. It can apply to animal populations and people. Environmental science studies to what extent human populations through their resource consumption have risen above the sustainable use of resources. For people, "overshoot" is that portion of their demand or ecological footprint which must be eliminated to be sustainable. Excessive demand leading to overshoot is driven by both consumption and population.
A sustainability organization is (1) an organized group of people that aims to advance sustainability and/or (2) those actions of organizing something sustainably. Unlike many business organizations, sustainability organizations are not limited to implementing sustainability strategies which provide them with economic and cultural benefits attained through environmental responsibility. For sustainability organizations, sustainability can also be an end in itself without further justifications.
In economic and environmental fields, decoupling refers to an economy that would be able to grow without corresponding increases in environmental pressure. In many economies, increasing production (GDP) currently raises pressure on the environment. An economy that would be able to sustain economic growth while reducing the amount of resources such as water or fossil fuels used and delink environmental deterioration at the same time would be said to be decoupled. Environmental pressure is often measured using emissions of pollutants, and decoupling is often measured by the emission intensity of economic output. Examples of absolute long-term decoupling are rare, but recently some industrialized countries have decoupled GDP growth from both production- and, to a lesser extent, consumption-based CO2 emissions.
Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region. Accounting for such goods may occur in physical or monetary terms. This process can subsequently inform government, corporate and consumer decision making as each relates to the use or consumption of natural resources and land, and sustainable behaviour.
Paul Donovan is a British economist and author. He is Global Chief Economist for the Swiss financial services firm UBS Wealth Management.
References
- ↑ "From Red to Green", Donovan and Hudson, Earthscan, 2011, introduction.Donovan, Paul; (Accountant), Julie Hudson (2011). From Red to Green?: How the Financial Credit Crunch Could Bankrupt the Environment. ISBN 978-1849714143.
- ↑ http://www.worldfootprintnetwork.org%5B%5D
- ↑ "Environment Directory News - AN ENVIRONMENTAL CREDIT CRUNCH?". Archived from the original on 2012-03-26. Retrieved 2011-07-03.
- ↑ "Women in Diplomatic Service". Archived from the original on 2011-05-24. Retrieved 2011-07-03.
- ↑ Donovan, Paul; (Accountant), Julie Hudson (2011). From Red to Green?: How the Financial Credit Crunch Could Bankrupt the Environment. ISBN 978-1849714143.
