Dit is een samenvatting van het vak "Sustainability Economics" aan de VUB gegeven door professor Cathy Macharis. Deze samenvatting bevat de te kennen hoorcolleges, WPO's en gastlezingen. Het is een combinatie van de slides en notities.
This is a summary of the course "Sustainability Economics" a...
SUSTAINABILITY ECONOMICS
INTRODUCTION
What is sustainability ?
Sustainability 1.0 = meeting the needs of the present without compromising the ability of future
generations to meet their own needs.
How can we leave the planet the same as we found it.
3 – legged stool model :
3 – legged stool model = a holistic approach that considers the economic, social and environmental
impacts of actions and decisions taken today.
Economy Social equity Environment
The approach whereby A focus on the well-being of The ability to preserve and
economic activities are people and communities. It protect the natural
performed in a way to is about : environment over time via :
preserve and promote long-
- Good working - Reduction of
term economic well-being.
conditions. pollution and waste.
- Employment. - Health care. - Usage of renewable
- Profitable - Education. energy.
enterprises. - Community and - Conservation.
- Infrastructure. culture. - Restoration.
- Fair trade.
Main problems : Main problems :
- Security.
- Poverty and - Pollution.
inequality. - Climate change.
- Discrimination. - The loss of
- Lack of access to biodiversity.
resources. - Overexploitation of
- Poor governance. natural resources.
,Overlapping circles model :
Overlapping-circles model = acknowledges the intersection of economic, environmental, and social
factors.
We want to know which
companies are in the middle of
these 3 factors. Which companies
bring everything together ?
It is important to understand that there is an intersection.
The human system interacts with
the ecosystem. We take things
from the ecosystem but if we take
to much this ecosystem will break
because it cannot regenerate itself
anymore.
This will have an impact on the
human system as well.
At this moment, we should have
1.7 earths to keep up with the way
we are living, but obviously we
only have 1.
So we need to find a possibility to
regenerate.
- Sustainability 2.0
Sustainability 2.0 = sustaining the underlying pattern of health, resilience, and adaptability that
maintain this planet in a condition where life as a whole can flourish and for this to be possible in the
long term, the way modern societies organized shouldn’t be sustained, but rather re-designed using a
regenerative perspective.
,3 nested model :
3 nested model = reflects the co-dependent relationship, without the environment the society and
economy cannot exist.
The economy should be serving society and this should be within the boundaries of
the environment to be regenerative. This requires change.
What is a sustainable system ?
Sustainability requires change.
If we continue to live this way, we will not have any way to survive. There will not be a
future anymore.
, But first, how did we get here ?
The role of the economy
= to allocate scarce resources to
support the society.
Instead of having profit as a
means to have a thriving
economy and a planet that can
regenerate it became the end
goal. Today people want to
maximize the profit and their
gains, and to achieve this the
people and planet became the
means.
Sustainability economics = the study of scarcity and its implications for the use of resources,
production of goods and services, growth of production and welfare over time.
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