Economics of sustainability

thumb|Three visual representations of sustainability and its three dimensions. The left image shows sustainability as three intersecting circles. The top right is a nested approach where social and economic sustainability are contained within environmental sustainability. The bottom right shows pillars with the different components holding up sustainability.

assessment of the environmental consequences of a plan, policy, program, or actual projects prior to the decision to move forward with the proposed action

comparatively environmentally friendly technology

organization

economy made up of constant physical wealth and population size

Eco-efficiency refers to the delivery of goods and services to meet human needs and improve quality of life while progressively reducing their environmental impacts of goods and resource intensity during their life-cycle. Together with consistency and eco-sufficiency, it is well-established in sustainability science as a fundamental sustainability strategy.

economic indicator

research initiative

quantitative basis for the informed management of sustainability

economic concept

Swiss NGO

management concept

essay by Tim Jackson

Post-growth is an umbrella term that refers to a broad family of economic, ecological, and political perspectives responding to the limits-to-growth dilemma —the recognition that infinite economic growth is biophysically unsustainable on a finite planet. Central to post-growth thinking is the shift of the focus out of GDP growth as the main goal of the economy. Instead, well-being becomes the main objective. Post-growth puts emphasis on decoupling societal well-being from economic growth, advocating for the possibility of prosperity beyond growth.

Ecological sufficiency, or simply sufficiency, refers to the concept or strategy to reduce the environmental footprint of societies through moderating the need for energy, carbon and material-based services and products. The term was popularised by authors such as Thomas Princen, a professor at MIT, in his 2005 book The Logic of Sufficiency. As a goal, sufficiency is about ensuring that all humans can live a good life within planetary boundaries, meaning without overshooting the ecological limits of the Earth and thus limiting resource use and pollution. Princen argues that "seeking enough whe