Sustainability Bites

There is no such thing as a free lunch

economics

The real 5G coming to you! (The Great Acceleration, Great Extinction, Great Injustice, Great Dissatisfaction, & hopefully, the Great Transformation)

The real 5G coming to you! (The Great Acceleration, Great Extinction, Great Injustice, Great Dissatisfaction, & hopefully, the Great Transformation)

Despite the overwhelming benefits to humanity from the post war period of rapid economic growth (the Great Acceleration), there has also been a massive downside: ocean acidification, unsustainable water use, deforestation, degradation of wetlands, catastrophic declines in biodiversity, and global warming. Arising from this downside we’ve also experienced the Great Extinction, the Great Injustice and the Great Dissatisfaction. If humanity is to survive, now we need another ‘G’, the Great Transformation.

What is ecology’s contribution to sustainability? And why does economics get the Big Chair at the dinner table?

What is ecology’s contribution to sustainability? And why does economics get the Big Chair at the dinner table?

If economics is the ‘mother tongue’ of public policy then, unfortunately, ecology remains a foreign language. Apart from ecologists not being native speakers of economics (and vice-versa) their substantive ideas concerning ecological relationships and processes are not obvious to the ordinary person.

Insensible on coal

Insensible on coal

The real world is not built around economic theory. It’s based on nation states and their absolute sovereignty. International diplomacy is a parliament of equals, but with no overarching government to enforce the rules.

The BIG fix

The BIG fix

But most of the problem is us. We are consuming nature faster than it can renew itself. We are like a family with a large inheritance (ie nature) in the bank, living off the interest. Except that we don’t. We are over-spending our ‘natural income’, using up nature faster than it can renew itself and making up for it by drawing down the inheritance instead, the ‘natural capital’. If we keep doing this, there won’t be enough nature left for future generations: it’s their inheritance too.