Economics | ConservationBytes.com

Unbounded economic growth destroying biodiversity

16 08 2010

“…we can’t have more of everything instantaneously“

“…increasing takeover of the ecosystem is the necessary consequence of the physical growth of the macroeconomy“

“…consider telling the economist to go to hell“

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Last month I had the privilege of listening to Rob Dietz of the Centre for Advancement of the Steady State Economy (CASSE) when attending the 2010 International Congress for Conservation Biology. He introduced the CASSE and their mandate – to promote stable or mildly fluctuating levels in population and consumption of energy and materials. This is the steady-state economy.

I’ve hinted before that our essentially linear economy (natural resource exploitation -> transport -> manufacturer -> redistribution -> sale -> consumption/use -> disposal (discussed in a very easy-to-understand way in the Story of Stuff) is not sustainable in the long term because of the finite resource base of the planet (think trees, coal, oil, arable land). My colleagues and I have even shown analyses based on hard data demonstrating that total wealth is the ultimate driver of environmental degradation at the country scale.

So, it is my opinion (and a growing number of others‘) that we need a new way of measuring economic prosperity, or the world will enter a state of permanent financial crisis. The mantra of constant economic growth is simply unrealistic as our human populations continue to expand. This is a very simplistic statement and on the surface an apparently impossible goal; however, people who put together the CASSE believe it is achievable.

It is for this reason that I have been communicating with Rob Dietz and others at CASSE about reposting some of their excellent essays on ConservationBytes.com. Please feel free to comment here on the subject matter because the CASSE people will be monitoring. I hope we can expand the readership and support base, and eventually start to convince politicians that growth will eventually kill us and a good slice of the planet’s biodiversity.

So with that, here’s the first repost by Professor Herman Daly entitled “Opportunity Cost of Growth“: Read the rest of this entry »

Comments : 9 Comments »
Tags: biodiversity, consumption, Economics, environmental economics, gross national income, steady-state economy, story of stuff, wealth
Categories : biodiversity, conservation, environmental economics, environmental policy, human overpopulation

Band-aid approach to fix ecological and economic ruin

10 04 2009

An excellent article by Andrew Simms (policy director of the New Economics Foundation) posted by the BBC:

“It is like having a Commission on Household Renovation agonise over which expensive designer wallpaper to use for papering over plaster cracks whilst ignoring the fact that the walls themselves are collapsing on subsiding foundations.“

While most governments’ eyes are on the banking crisis, a much bigger issue – the environmental crisis – is passing them by, says Andrew Simms. In the Green Room this week, he argues that failure to organise a bailout for ecological debt will have dire consequences for humanity.

“Nature Doesn’t Do Bailouts!” said the banner strung across Bishopsgate in the City of London.

Civilisation’s biggest problem was outlined in five words over the entrance to the small, parallel reality of the peaceful climate camp. Their tents bloomed on the morning of 1 April faster than daisies in spring, and faster than the police could stop them.

Across the city, where the world’s most powerful people met simultaneously at the G20 summit, the same problem was almost completely ignored, meriting only a single, afterthought mention in a long communiqué.

World leaders dropped everything to tackle the financial debt crisis that spilled from collapsing banks.

Gripped by a panic so complete, there was no policy dogma too deeply engrained to be dug out and instantly discarded. We went from triumphant, finance-driven free market capitalism, to bank nationalisation and moving the decimal point on industry bailouts quicker than you can say sub-prime mortgage.

But the ecological debt crisis, which threatens much more than pension funds and car manufacturers, is left to languish.

It is like having a Commission on Household Renovation agonise over which expensive designer wallpaper to use for papering over plaster cracks whilst ignoring the fact that the walls themselves are collapsing on subsiding foundations.

Read the rest of this entry »

Comments : 2 Comments »
Tags: biodiversity, conservation, Economics, ecosystem services
Categories : biodiversity, climate change, climate shift, conservation, corruption, ecosystem services, environmental economics, environmental policy, extinction, investment

Remove, Flog and Dump: The Story of Stuff

18 10 2008

© Tides Foundation & Funders Workgroup for Sustainable Production and Consumption

Related to a recent post on the idiocy of anthropogenically induced climate change, the lunacy of our current economic system and the complete lack of valuing undervaluing of ecosystem services on which our lives depend, I invite you to watch the highly entertaining Story of Stuff. Although terribly American (well, I guess that’s excusable given it is made by an American and targets other Americans, the greatest per capita resource consumers in the world), it applies to everyone, everywhere.

From its extraction through sale, use and disposal, all the stuff in our lives affects communities at home and abroad, yet most of this is hidden from view. The Story of Stuff is a 20-minute, fast-paced, fact-filled look at the underside of our production and consumption patterns. The Story of Stuff exposes the connections between a huge number of environmental and social issues, and calls us together to create a more sustainable and just world. It’ll teach you something, it’ll make you laugh, and it just may change the way you look at all the stuff in your life forever.

Comments : 4 Comments »
Tags: conservation, Economics
Categories : conservation, ecosystem services, environmental policy

The Great Disruption

6 08 2008

If ever there was a plea for conservation actions that really do something to reverse the catastrophic ecosystem and ensuing economic crashes that are happening worldwide, its embodied in this essay by Paul Gilding. I won’t write much more on the subject because Paul says it so much more eloquently and thoroughly than I can. Please read his Scream Crash Boom 2: The Great Disruption.