Books > Earth & environment > The environment > Environmental economics > Sustainability
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Sustainability for a Warming Planet (Hardcover)
Loot Price: R1,694
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Sustainability for a Warming Planet (Hardcover)
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Human-generated greenhouse gas emissions imperil a global resource:
a biosphere capable of supporting life as we know it. What is the
fair way to share this scarce resource across present and future
generations, and across regions of the world? This study offers a
new perspective based on the guiding ethics of sustainability and
egalitarianism. Sustainability is understood as a pattern of
economic activity over time that sustains a given rate of growth of
human welfare indefinitely. To achieve this, the atmospheric
concentration of carbon must be capped at some level not much
higher than exists today, and investments in education and research
should be higher than they currently are. International cooperation
between developing and developed nations is also vital, because
economic growth and the climate problem are intertwined. The
authors propose that the guiding principle of bargaining should be
that the dates at which developing countries' living standards
catch up with those of developed countries should not be altered by
the agreement. They conclude that developed economies would have to
agree not to exceed 1 percent growth in per capita GDP annually,
while developing nations should grow at a faster rate, but still
lower than current projections, until they converge. The authors
acknowledge that achieving such a dramatic slowdown would carry
political and economic challenges.
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