The current model of economic growth generated unprecedented increases in human wealth and prosperity during the 19th and 2Oth centuries. The main mechanisms have been the rapid pace of technological and social innova...The current model of economic growth generated unprecedented increases in human wealth and prosperity during the 19th and 2Oth centuries. The main mechanisms have been the rapid pace of technological and social innovation, human capital accumulation, and the conversion of resources and natural capital into more valuable forms of produced capital. However, there is evidence emerging that this model may be approaching environmental limits and planetary boundaries, and that the conversion of natural capital needs to slow down rapidly and then be reversed Some commentators have asserted that in order for this to occur, we will need to stop growing altogether and, instead, seek prosperity without growth. Others argue that environmental concerns are low-priority luxuries to be contemplated once global growth has properly returned to levels observed prior to the 2008 financial crisis. A third group argues that there is no trade-off and, instead,, promotes green growth： the （politically appealing） idea is that we can simultaneously grow and address our environmental problems. This paper provides a critical perspective on this debate and suggests that asubstantial researc＇h agenda is required to come to grips with these challenges. One place to start is with the relevant metrics： measures of per-capitawealth, and, eventually, quantitative measures of prosperity, alongside a dashboard of other sustainability indicators. A public andpoliticalfocus on wealth （a stock）, and its annual changes, could realistically complement the current focus on market-based gross output as measured by GDP （a flow）. This could have important policy implications, but deeper changes to governance and business models will be required.展开更多
Sustainable use of natural resources and sustainable development are concepts that are gaining momentum globally in the advent of global warming and climate change. The threshold for the entry in force of the Paris Ag...Sustainable use of natural resources and sustainable development are concepts that are gaining momentum globally in the advent of global warming and climate change. The threshold for the entry in force of the Paris Agreement on Climate Change was achieved exactly 5 days after the unveiling of Botswana's Vision 2036 document. This development framework envisages sustainable economic development and climate change adaptation. This article uses exploratory research methodology of systematic document analysis to analyze these principles in the context of Botswana. It investigates government's intentions in achieving the third pillar of the national vision. Botswana has declared its intensions to reduce carbon emissions by 15% by 2030 through the intended nationally determined contributions. While the country's ambitions are largely forward-looking and aligned with those of the Paris Agreement, the economic diversification plans of Botswana threaten to potentially contribute significantly to the emission of greenhouse gases. The article applies sustainability and/or sustainable development theory in examining the relationship between the Paris Agreement and Botswana's vision. It concludes that there is link between the two documents, both of which are anchored of the development which is environmentally sustainable. It further concludes that developing nations should make international commitments which are aligned to their developmental plans.展开更多
基金the Institute for New Economic Thinking for supportthe Grantham Foundation for the Protection of the Environmentthe UK Economic and Social Research Council(ESRC) through the Centre for Climate Change Economics and Policy
文摘The current model of economic growth generated unprecedented increases in human wealth and prosperity during the 19th and 2Oth centuries. The main mechanisms have been the rapid pace of technological and social innovation, human capital accumulation, and the conversion of resources and natural capital into more valuable forms of produced capital. However, there is evidence emerging that this model may be approaching environmental limits and planetary boundaries, and that the conversion of natural capital needs to slow down rapidly and then be reversed Some commentators have asserted that in order for this to occur, we will need to stop growing altogether and, instead, seek prosperity without growth. Others argue that environmental concerns are low-priority luxuries to be contemplated once global growth has properly returned to levels observed prior to the 2008 financial crisis. A third group argues that there is no trade-off and, instead,, promotes green growth： the （politically appealing） idea is that we can simultaneously grow and address our environmental problems. This paper provides a critical perspective on this debate and suggests that asubstantial researc＇h agenda is required to come to grips with these challenges. One place to start is with the relevant metrics： measures of per-capitawealth, and, eventually, quantitative measures of prosperity, alongside a dashboard of other sustainability indicators. A public andpoliticalfocus on wealth （a stock）, and its annual changes, could realistically complement the current focus on market-based gross output as measured by GDP （a flow）. This could have important policy implications, but deeper changes to governance and business models will be required.
文摘Sustainable use of natural resources and sustainable development are concepts that are gaining momentum globally in the advent of global warming and climate change. The threshold for the entry in force of the Paris Agreement on Climate Change was achieved exactly 5 days after the unveiling of Botswana's Vision 2036 document. This development framework envisages sustainable economic development and climate change adaptation. This article uses exploratory research methodology of systematic document analysis to analyze these principles in the context of Botswana. It investigates government's intentions in achieving the third pillar of the national vision. Botswana has declared its intensions to reduce carbon emissions by 15% by 2030 through the intended nationally determined contributions. While the country's ambitions are largely forward-looking and aligned with those of the Paris Agreement, the economic diversification plans of Botswana threaten to potentially contribute significantly to the emission of greenhouse gases. The article applies sustainability and/or sustainable development theory in examining the relationship between the Paris Agreement and Botswana's vision. It concludes that there is link between the two documents, both of which are anchored of the development which is environmentally sustainable. It further concludes that developing nations should make international commitments which are aligned to their developmental plans.
