Section 1: Sustainability & sustainable development

Encouraging green behaviour

1)Command and control regulations 2) Market mechanisms

principles of sustainability

1)Use natural resources and environmental services sustainably 2)Recognise that society and the environment are an interconnected system (systems perspective) 3)Adopt ethical and moral principles that govern fairness between nations, between genders and among current and future generations 4) Provide incentives for sustainable behaviour

Sustainability (Nobel Laureate, 1966)

'The resources of the earth must be maintained for the use and enjoyment of future generations in a measure not less than we now enjoy'

Sustain ability (Withgott & Brennan 2008)

'To sustain human institutions in a healthy and functional state AND to sustain ecological systems in a healthy and functional state'

corporate sustainability

As consumer & investor demands change companies are finding they can make more money by "greening" their operations

external costs

By not including these external costs goods and services appear cheaper than they really are

ecological footprint

Represents the amount of biologically productive land & sea area necessary to supply the resources a human population consumes and are needed to dispose of associated waste

Sustainability (Karl‐Henrik Robert)

Sustainability happens when we as society create a long term stable physical relationship with the whole environment within which we live

the triple bottom line

Sustainability means promoting social justice, economic well‐being and environmental quality at the same time(W&B 2008

Sustainable development Wackernagel& Rees, 1996

Sustainable development is 'the need for humanity to live equitably within the means of nature'

Sustainable development Brundtland, 1987

Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs'

system thinking

Systems Thinking is a way of thinking about life, work, and the world based on the importance of relationships (interconnections) It is important to understanding how these individual parts influence one another

ecolabeling

Tells consumers which brands are environmentally friendly

internal cost

There is an assumption that all the costs and benefits associated with an exchange of goods or services is borne by individuals directly involved in the transaction

Sustainability

become important as we recognise that traditional approaches to planning and development create, rather than solve, societal and environmental problems Sustainability Sustainable Development

Ecological economists advocate ___________________

steady‐state economies (mirror natural ecological systems)