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Showing posts from July, 2012

Limits to Growth & Our Common Future

Sustainable development has become well recognised concept since the publications of “Limits to Growth” and “Our Common Future”. The link between environment and development was institutionalised and the term “Sustainable Development” was popularised and brought firmly onto the international agenda in 1987 in the report Our Common Future. (Cox, 2008, 237). Publication of the report “ Our Common Future” initiated and supported to lay foundation for Sustainable Development and Environmental Economics. The report highlighted serious “environmental concerns” mainly related to developing countries and the global environment. (Resources for the Future, 2011, pg, 1) Limits to Growth report focused on ecological limits and economic growth. The Limits to Growth developed a neo-Malthusian model which assumed that growth in “population and industrial capital” would lead to increase in demand for basic food items and scarce resources which were assumed to be absolutely finite. Limits to Gr...

Impact of Global Warming on World Economy

Introduction: The consequence of global warming will be felt across social, environmental and economic part of human life; for example social impact through increasing floods, droughts and environmental impact through melting ice, increase in temperature and economic impacts through market uncertainty, loss of business and agricultural activities. Global warming is a direct result of unnatural anthropogenic activities that has been proved by science and will have an impact on the world economies in many ways such as; fresh water resources, agricultural activities, sea-level rise, health of ecosystem, human health, quality of life and overall cost impacts to the economy. Globalisation has contributed in many ways towards climate change through increased quick turnover of human and natural capital in various activities and trade. Climate change is evident as explored in this essay and has already taken place in many parts of the world. Any impact  to fresh water resources,...

Food Waste and Climate Change

Climate Change and increasing level of greenhouse gases are interconnected and most concerning issues of the time. From food growing to consumption there is so much waste thrown out to go to landfill. In landfill, food waste generates methane – a greenhouse gas 22 times more harmful than CO2 (Baker, Fear and Denniss 2009). As per Australian Institute “Household Food waste is accounted for greater than $5 billion worth of food that Australians throws out each year” .(Baker, Fear and Denniss 2009). Food scrap and left over is considered as waste and discarded in many restaurants, hotels, hospitals, major food chains and individual household. Wholesaler then distributes the food to retailers in trucks which produces CO2. Individual Households throw away not required food and the food packaging is then collected by local council who employs people to collect garbage in heavy garbage collection trucks which requires petrol and produces CO2. Every single process from growing food to consum...

Things you can do at home or work to become Green

“Be considerate to yourself, your family, your workplace, people around you and the   nature   on which we all depend” All of these segments are interconnected and are depended on each other. In our daily lives we don’t realize that how much “waste” that we produce from our   natural actions. There are many ways to support our Business to become sustainable and environmentally friendly. By helping our business; we actually help ourselves and the society in which we live. Things you can do at work! ·          Print 2 sided – facilities are available in all of our printers ·          Do not print if NOT required ·       Well before the meeting send out Agenda and other information on email for all to  review  and feedback ·          Use projector where possible to avoid printing large d...

Does mainstream (neoclassical) economics agree or disagree with the core concepts of sustainability? Why?

In 1972, a book called “The Limits to Growth” was published by using systems dynamic theory and computer model “World3”. The book presented with various scenarios on environmental outcome for the world from 1990 to 2100 detailing how humans have exploited world’s scarce resources and produced waste and pollution faster than the capacity of the earth to absorb them. Soon after the Limits to Growth, in 1987, Brundtland report “Our Common Future” stated “ Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (World Commission on Environment and Development: Our Common Future, 1987) and also highlighted two most important concept of needs of the poor and the ability of environment to meet our needs of today and tomorrow. Three core pilars of Sustainable development is environmental, economic and social well-being of present and future generations.   Ecological sustainab...

Sustainable Development and the main problems related to this concept.

"Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs. [1] Sustainable Development is environmental, economic and social well-being for today and tomorrow. [1] The well-being of these three areas is intertwined, not separated. For example, a healthy, prosperous society relies on a healthy environment to provide food and resources, safe drinking water, and clean air for its people. Sustainable Development is an ongoing process which focuses on improving the quality of life for all on the earth. This is not a new idea. Many Countries/Cultures/Organisations have recognised the need for sustainable development over the period of time. A world in which poverty and inequity are endemic will always be prone to ecological and other crises. Sustainable development requires meeting the basic needs of all and extending to all the opportunity to satisfy their aspirations for a bett...