Blok 2: specific principles Flashcards
What is the guiding principle of (steady state economy) in economic thinking
○ An economy in equilibrium with its environment (its natural resource base)
○ An economy that became stationary sooner rather than later would allow a relatively large stock of natural capital (including living nature) to remain available indefinitely.
Aspects of this steady state economy:
- natural capital should not be diminished
- level of persistent environmental pollutants shoul not increase
- level of mutagenic pollutants should be such that the mutation load on the human germ does not increase
What is the guiding principle of (sustainability) in economic thinking
Situation that creates and maintains the conditions under which humans and nature can exist in productive harmony, that permit fulfilling the social, economic and other requirements of present and future generations
What is the guiding principle of (environmental utilisation space / ecospace) in economic thinking
The capacity of the environment to support human activities by regenerating renewable resources and absorbing waste. The boundaries of environmental utilization space are determined by the patterns and level of economic activity. A distributional element can be added by allocating ecospace at a national or per capita level, and is thus useful in illustrating present inequities.
What is the guiding principle of (ecosystem services) in economic thinking
○ Benefits that people obtain from ecosystems.
They are Environmental functions, which may be thought of as the generation resources for human activities, its absorption of wastes from those activities and its provision of other ‘services’ such as climate stability, and opportunities for recreation.
There are provisioning, regulating, cultural and supporting services
This is related to external costs as human beings may put a monetary value on their existence because of their value to human society.
What is the guiding principle of (internalisation of external costs) in economic thinking
Accounting for both the short-term and the long-term environmental costs into decision-making for projects likely to affect the environment.
This is to account for the real value of the environment and reflect the costs of using it
What is the guiding principle of (polluter pays principle) in economic thinking
○ The principle holds that those who generate pollution and waste should bear the costs of containment, avoidance or abatement.
This was viewed as a means of internalising external costs in the costs of production and consumption.
What is the guiding principle of (evironmental levies) in economic thinking
○ Taxes imposed by a government on sources of pollution.
What is the guiding principle of (ecotaxation) in economic thinking
○ The imposition of taxes with the purpose to promote ecological sustainable activities via economic incentives.
What is the guiding principle of (nature compensation) in economic thinking
compensation for environmental damage
What is the guiding principle of (dematerialisation) in economic thinking
same as eco-efficiency
What is the guiding principle of (ecoefficiency) in economic thinking
is a management strategy of doing more with less. It is based on the concept of creating more goods and services while using fewer resources and creating less waste and pollution
What is the guiding principle of (ecocapacity) in economic thinking
The overall ability of the environment to maintain its current condition and to produce goods and services.
What is the guiding principle of (intergenerational justice) in law and its philosophy?
○ The notion that the current use of nature and the environment should not harm future generations
○ an intuition that all individuals should have an equal right to use the natural environment.
Related to the concepts of sustainability and steady state economy
What is the guiding principle of (legal status for other organisms) in law and its philosophy?
○ The notion that there should be respect for other organisms and that it is right to preserve the integrity of the biotic community or members thereof.
What is the guiding principle of (environmental liability) in law and its philosophy?
○ Obligation based on the principle that a polluting party should pay for any evironmental damage caused by its activities.
○ In the minimum case, liability refers to the environmental costs as they might reasonably have been foreseen at the time of undertaking the activity in question.
In the industrialised countries of the west, however, it is now more common for liability to relate to the actual environmental costs emerging in practice. The concept of liability has also been extended to cover post-consumer wastes, for example. In this case a producer is also held liable for the costs associated with his product once the consumer decides to discard it.