An Introduction to Ecological Economics

Costanza, Robert; Cumberland, John H; Daly, Herman E.; Goodland, Robert; Norgaard, Richard B.; Kubiszewski, Ida; Franco, Carol

doi:10.1201/b17829

Cited by 122 publications

(93 citation statements)

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“…This has extended the spatial scales across which water is imported into cities embedded in food and other consumption goods. Thus, system boundaries of UWSS sustainability are expanded across time, from local to global scales, and incorporate additional crosssector interactions [3,30,31]. Ecological and water footprints account for land and water (quantity and quality) requirements embedded in consumption goods [28,32,33] (figure 2, bottom layer).…”

Section: Disentangling Security Resilience and Sustainabilitymentioning

confidence: 99%

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Balancing security, resilience, and sustainability of urban water supply systems in a desirable operating space

Krueger

Borchardt

Jawitz

et al. 2020

Environ. Res. Lett.

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The security, resilience, and sustainability of urban water supply systems (UWSS) are challenged by global change pressures, including climate and land use changes, rapid urbanization, and population growth. Building on prior work on UWSS security and resilience, we quantify the sustainability of UWSS based on the performance of local sustainable governance and the size of global water and ecological footprints. We develop a new framework that integrates security, resilience, and sustainability to investigate trade-offs between these three distinct and inter-related dimensions. Security refers to the level of services, resilience is the system's ability to respond to and recover from shocks, and sustainability refers to local and global impacts, and to the long-term viability of system services. Security and resilience are both relevant at local scale (city and surroundings), while for sustainability cross-scale and -sectoral feedbacks are important. We apply the new framework to seven cities selected from diverse hydro-climatic and socio-economic settings on four continents. We find that UWSS security, resilience, and local sustainability coevolve, while global sustainability correlates negatively with security. Approaching these interdependent goals requires governance strategies that balance the three dimensions within desirable and viable operating spaces. Cities outside these boundaries risk system failure in the short-term, due to lack of security and resilience, or face longterm consequences of unsustainable governance strategies. We discuss these risks in the context of poverty and rigidity traps. Our findings have strong implications for policy-making, strategic management, and for designing systems to operate sustainably at local and global scales.

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Section: Disentangling Security Resilience and Sustainabilitymentioning

confidence: 99%

“…all major cities worldwide) would allow investigations towards how a global sustainability balance across cities can be achieved. Such global studies would furthermore allow a more reliable delimitation of the VOS boundaries, which are here based on the selected case studies and earlier modeling efforts [30].…”

Section: Future Work/limitationsmentioning

confidence: 99%

Balancing security, resilience, and sustainability of urban water supply systems in a desirable operating space

Krueger

Borchardt

Jawitz

et al. 2020

Environ. Res. Lett.

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“…The application of ecological economics may be beneficial to clarifying and interpreting issues concerning sustainable development; in this way, ecology and economics may be properly combined [43]. Given this context, the assessment of economic development and effectiveness should be expanded to include the overall environmental and ecological system, with the goal of gradually developing the concept of ecological economics [44].…”

Section: Economic Sustainabilitymentioning

confidence: 99%

Environmental Consciousness in Local Sustainable Development: A Case Study of the Anti-Idling Policy in Taiwan

Chang

2019

Sustainability

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To address the increasing impact of global warming, Taiwan has devised a variety of activities to promote energy savings and carbon reduction. Although the city of Tainan was the first in Asia to enforce an anti-idling policy, the intersection between public value creation and local sustainable development has not yet been analyzed. Hence, this article explores the anti-idling policy in Tainan through the lens of social judgment theory (SJT). It also considers criteria related to the core values of environmental, economic, and social sustainability to understand the public values held by stakeholders in Tainan. The results of this article illustrate and dismantle the differences between several groups’ understanding of public value as it relates to local sustainable development, and suggest the establishment of intersectoral collaboration and community participation regarding value perception. Although the case is specific to Taiwan, its characteristics are typical of local sustainable development globally, especially in Asia.

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“…Hotelling argued for the transformation instead of conservation of natural and environmental resources. Costanza et al (1997) explain that:…”

Section: Shift the Paradigmmentioning

confidence: 99%

Reforming Islamic Finance for Achieving Sustainable Development Goals

Khan¹

2019

JKAU Islamic Econ

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The paradigm of Islamic economics and finance is guided by the motivation of comprehensive human development (CHD) and its preservation as manifested in the objectives of Sharīʿah (maqāṣid al-Sharīʿah). However, the real world free-market economies are driven by the linear economy paradigm under the influence of Hotelling’s 1931 famous work concerning the economics of exploiting natural resources, in which, the ecological environment is not recognized as a resource. The global financial architecture is designed to protect and preserve the linear economic paradigm. In practice, Islamic finance has also remained a ḥalāl sub-set of this system. The resultant social, environmental, and governance imbalances have recently led to different initiatives sponsored by the UN including the Sustainable Development Goals (SDGs). Like the maqāṣid, the SDGs also aim at achieving and preserving human development. In practice, for the first time, a real paradigm shift from the linear to the ecological/circular economy is noticeably taking place, also inducing the transformation of the financial architecture. In this paper, in a broader perspective, we use the CHD and SDGs interchangeably, and discuss a number of paradigmatic and regulatory reforms that will be required to enhance the actual effectiveness of Islamic finance in achieving the ideals of CHD, and the SDGs at large. The paper in fact outlines a wider scope of the potential reform initiatives.

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An Introduction to Ecological Economics

Cited by 122 publications

References 0 publications

Balancing security, resilience, and sustainability of urban water supply systems in a desirable operating space

Balancing security, resilience, and sustainability of urban water supply systems in a desirable operating space

Environmental Consciousness in Local Sustainable Development: A Case Study of the Anti-Idling Policy in Taiwan

Reforming Islamic Finance for Achieving Sustainable Development Goals

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