The environment represents the whole ecosystem that a society depends upon for various ecological services. The challenge of sustainability is requiring a new, more complex, approach to environmental management
Part two in our series "Age of Transition" this video explores the rise of the concept of sustainability as it has gone from the fringes to the mainstream within just a few short decades, driven by an environmental crisis on a global scale
Inclusivity is an inherent part of achieving sustainability. To be sustainable a system has to be open to and harness all of the resources available to it. To effectively manage a complex system requires harnessing the distributed capabilities of its members.
At the heart of the challenge of sustainable development is the challenge of decoupling economic growth from an increased demand for more resources; doing this is called decoupling
Full cost accounting refers to accounting for the complete cost or benefit of some product or service in terms of its social, economic and environmental impacts. It represents an expansion of our traditional accounting systems to incorporate the full set of impacts relating to a given economic activity. Our traditional accounting systems are designed to account for what economists call utility. But utility and monetary value only account for what something is worth to an individual, it does not account for its cost or value to the whole of society or ecosystem.
This is part one in a five-part series of papers on the rise of the paradigm of sustainability. In this paper, we look at what sustainability is and how our economies will be shaped along a number of dimensions as it grows in significance in the coming decades.
In this video we explain the concept of full cost accounting and why it can be an effective method for managing common natural and social resources in a distributed fashion through the market