Posts Tagged ‘allocative efficiency’
Sustainability, social progress, environmental protection, economic growth and energy
Sustainability, social progress, environmental protection, economic growth and energy are discussed using the sustainability framework in Figure 1, where sustainability is at the confluence of social progress, environmental protection and economic growth.
Figure 1 Sustainability framework
(Source: IUCN 2006)
There are designs being made toward Ecological Civilization and welcome moves to address the shortcomings of GDP in Completing the picture – environmental accounting in practice by the Australian Bureau of Statistics . Extending the national accounts to include degradation of natural resources makes a measurable target for politicians to focus on rather than purely GDP. However, there are problems when social progress is overlooked in the move toward more environmental protection. Read the rest of this entry »
Written by William Paul Bell
2012 August 18 at 5:46 pm
Posted in Economics, Sustainability
Tagged with allocative efficiency, calculated feed-in tariffs, climate change, Climate Change Adaptation, Climate change adaptation and mitigation strategies, climate change poverty, diffusion of innovation, dynamic efficiency, ecological civilization, economic growth, electricity prices, energy, environmental accounting, environmental protection, equity, feed-in tariff, FiT, market determined feed-in tariffs, smart grid, smart meters, social progress, Sociology Compass, Solar Energy, solar PV, Sustainability, Wiley Economics Focus, wileyeconomicsfocus