Lex Fullarton takes a closer look at the three pillars of the
sustainable development framework known as the Triple Bottom Line
(TBL). The concept of the TBL is that for a project to be
sustainable it must not simply be profitable in economic terms, but
it must also benefit society and enhance the natural environment.
In the 21st century, the greatest threat to Earths natural
environment and the population of the planet is the rise of
greenhouse gas emissions caused from burning fossil fuel as an
energy source. The rise of GHG emissions has resulted in a rise in
the ambient air temperature of the Earths atmosphere and is
resulting in a significant change in climatic conditions on Earth.
Fullarton scrutinizes the problem of getting industry and
governments to understand the significance of creating harmony
within the TBL. One of the main problems is that partisan politics
tends to fragment the factors of the TBL rather than bring them
together. Fullarton takes a strong stand in suggesting that
taxation systems, which have traditionally been viewed primarily as
a means of raising government finance, can be effectively applied
to influence industrial and consumer attitudes towards transiting
away from polluting fossil-fuel energy sources towards
non-polluting renewable energy use.
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