1.04 Sustainability Flashcards
Characteristics of a sustainable system
- diverse and productive
- Able to survive change
Name four important factors for sustainability
- Ecology
- Politics
- Global interdependence
- Social responsibility
- Economics
- Environmental values
Natural capital
Stock of natural resources that provides a sustainable income of goods and services, which will be sustainable if managed wisely. Makes human life possible.
Natural income
Product from natural capital, e.g. timber, fish, plants.
Ecosystem services
Another form of natural income derived from natural capital, e.g. water purification and water recycling.
Sustainability
“Living within the means of nature.” Manage/use resources so that full natural replacement of “taken” resources can take place.
The view of a traditional economist on sustainable development
Sustainable development means a stable annual return on investment whatever the impact on the environment.
Common environmental view on sustainable development.
Sustainable development means stable return without environmental degradation.
Environmental Impact Assessments (EIAs)
Studies before a development project to assess the possible damage to the environment.
What are the EIAs purposes?
Make decision makers consider the consequences of their decisions.