Eco-economic Decoupling
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Eco-economic Decoupling
In economic and environmental fields, decoupling refers to an economy that would be able to grow without corresponding increases in environmental pressure. In many economies, increasing production (GDP) currently raises pressure on the environment. An economy that would be able to sustain economic growth while reducing the amount of resources such as water or fossil fuels used and delink environmental deterioration at the same time would be said to be decoupled. Environmental pressure is often measured using emissions of pollutants, and decoupling is often measured by the emission intensity of economic output. Examples of absolute long-term decoupling are rare, but recently some industrialized countries have decoupled GDP growth from both production- and, to a lesser extent, consumption-based emissions. In countries and economic markets where decoupling may be identified, one explanation could be the transition to a service economy. This hypothesis has been expanded upon by the ...
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Economic
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarcity, scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two grou ...
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Resource Intensity
Resource intensity is a measure of the resources (e.g. water, energy, materials) needed for the production, processing and disposal of a unit of good or service, or for the completion of a process or activity; it is therefore a measure of the efficiency of resource use. It is often expressed as the quantity of resource embodied in unit cost e.g. litres of water per $1 spent on product. In national economic and sustainability accounting it can be calculated as units of resource expended per unit of GDP. When applied to a single person it is expressed as the resource use of that person per unit of consumption. Relatively high resource intensities indicate a high price or environmental cost of converting resource into GDP; low resource intensity indicates a lower price or environmental cost of converting resource into GDP.Lorentzen, J. (ed) 2008. ''Resource intensity, knowledge and development: insights from Africa and South America.'' HSRC Press, South Africa. Resource productivity ...
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I = PAT
''I = (PAT)'' is the mathematical notation of a formula put forward to describe the impact of human activity on the environment. :''I = P × A × T'' The expression equates human impact on the environment to a function of three factors: population (P), affluence (A) and technology (T). It is similar in form to the Kaya identity which applies specifically to emissions of the greenhouse gas carbon dioxide. The validity of expressing environmental impact as a simple product of independent factors, and the factors that should be included and their comparative importance, have been the subject of debate among environmentalists. In particular, some have drawn attention to potential inter-relationships among the three factors; and others have wished to stress other factors not included in the formula, such as political and social structures, and the scope for beneficial, as well as harmful, environmental actions. History The equation was developed in 1970 during the course of a d ...
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Steady-state Economy
A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a ''stationary state'' of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity. Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economist Herman Daly. As Daly's concept of a ''steady-state'' includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a ''stationary state''. One other ...
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Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ...
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Prosperity Without Growth
''Prosperity Without Growth'' is a book by author and economist Tim Jackson. It was originally released as a report by the Sustainable Development Commission. The study rapidly became the most downloaded report in the Commission's nine-year history when it was published in 2009. The report was later that year reworked and published as a book by Earthscan. A revised and expanded edition (''Prosperity Without Growth: Foundations for the Economy of Tomorrow'') was published in January 2017. Description By arguing that "prosperityin any meaningful sense of the wordtranscends material concerns", the book summarizes the evidence showing that, beyond a certain point, growth does not increase human well-being. ''Prosperity without Growth'' analyses the complex relationships between economic growth, environmental crises and social recession. It proposes a route to a sustainable economy, and argues for a redefinition of "prosperity" in light of the evidence on what really contribute ...
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Tim Jackson (economist)
Tim Jackson (born 1957) is a British ecological economist and professor of sustainable development at the University of Surrey. He is the director of the Centre for the Understanding of Sustainable Prosperity (CUSP), a multi-disciplinary, international research consortium which aims to understand the economic, social and political dimensions of sustainable prosperity. Tim Jackson is the author of '' Prosperity Without Growth'' (2009 and 2017) and '' Material Concerns'' (1996). In 2016, he received the Hillary Laureate for exceptional mid-career Leadership. His most recent book '' Post Growth—Life After Capitalism'' was published in March 2021 by Polity Press. Work Academic work For more than twenty five years, he has worked internationally on sustainable consumption and production. During five years at the Stockholm Environment Institute in the early 1990s, he pioneered the concept of preventative environmental management outlined in his 1996 book '' Material Concerns ...
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Ernst Ulrich Von Weizsäcker
Ernst Ulrich von Weizsäcker (born 25 June 1939) is a German scientist and politician (SPD). He was a member of the German Bundestag and served as co-president of the Club of Rome jointly with Anders Wijkman 2011 – 2019. Family A member of the prominent Weizsäcker family, he is the son of physicist and philosopher Carl Friedrich von Weizsäcker and nephew of former German president Richard von Weizsäcker. Since 1969, he is married to Christine von Weizsäcker. Together, they have five children, including MEP Jakob von Weizsäcker. Youth and education Born in Zürich, Switzerland, Weizsäcker spent his childhood in Zürich and Göttingen. In 1966, he graduated from Hamburg University with a Diplom in physics. In 1968, he obtained his PhD in biology from Freiburg University. Career In 1972, he was appointed full professor of biology at Essen University. In 1975, he was recruited as president of the then newly founded University of Kassel. In 1981, he joined the United ...
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Herman Daly
Herman Edward Daly (July 21, 1938 – October 28, 2022) was an American ecological and Georgist economist and professor at the School of Public Policy of University of Maryland, College Park in the United States, best known for his time as a senior economist at the World Bank from 1988 to 1994. In 1996, he was awarded the Right Livelihood Award for "defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community." Life and work Dale was born in Houston, Texas in 1938. Before joining the World Bank, Daly was a research associate at Yale University, and Alumni Professor of Economics at Louisiana State University. Daly was Senior Economist in the Environment Department of the World Bank, where he helped to develop policy guidelines related to sustainable development. While there, he was engaged in environmental operations work in Latin America. He is closely associated with theories of a steady-state economy. ...
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Steady State Economy
A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a ''stationary state'' of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity. Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economist Herman Daly. As Daly's concept of a ''steady-state'' includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a ''stationary state''. One other di ...
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