By Raghbendra Jha
With globalization speedy changing into an irreversible approach, it is vital to pay elevated consciousness to the results for environmental sustainability. even if, the so-called environmental Kuznets curve (EKC) argument signifies that fast financial progress in lots of constructing nations could be environmentally unsustainable.
Environmental Sustainability addresses this dichotomy and articulates a inspiration of intake sustainability that's either common and relates to the indefinite destiny. also, it emphasizes the significance of addressing a extensive spectrum of resources of environmental degradation and relates this degree to an index of monetary fulfillment extra entire than consistent with capita income.
As good because the EKC, authors Jha and Murthy additionally critique the Environmental Sustainability Index (ESI) and empirically substantiate the proposition yes kind of improvement within the almost immediately high-income international locations is basically chargeable for worldwide environmental degradation. numerous coverage conclusions for worldwide environmental administration also are advanced.
Throughout, Jha and Murthy comprehensively review latest ways to environmental sustainability and severely overview empirical reports of environmental degradation, and fiscal improvement, making this a useful resource of knowledge for these fascinated by environmental economics and political economy.
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Extra resources for Environmental Sustainability: A Consumption Approach
5 Hence, globally there is an excess consumption of environmentally unfriendly goods, to a great extent, even if the EKC argument about rich countries having cleaner technologies is valid. The above analysis points towards a convergence of production and consumption patterns between rich and poor countries. Consequently, the danger to the environment could worsen over time. The high population growth in poor countries is not so much a threat to the environment today, but it shall become a major threat if technologies percolate from rich countries and consumption and demand patterns follow suit.
Therefore, there is a rise and fall pattern of technology, consumption and profits. We can add to the above analysis the possibilities that declining technologies may not result from product failure but from obsolescence. New ‘models’ appear before the old have been ‘phased-out’. 2, while the TCC is an envelope curve (not a single PCC). Strictly speaking it is not a demand curve 30 Consumption and sustainable development Transition point where technology satisfies basic needs Product performance Excess technology.
Misconsumption, therefore, refers to consumption – individual or aggregate – that leads to a net loss in utility. In this book we are concerned primarily with the level and distribution of existing consumption and their relation to environmental degradation broadly conceived. We argue that there is excessive consumption in the rich countries, specifically countries with high values in UNDP’s Human Development Index and, further, that this amounts to over-consumption since such consumption is responsible for the existing high level of environmental degradation.