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According to the WBCSD definition, eco-efficiency is achieved through the delivery of "competitively priced goods and services that satisfy human needs and bring quality of life while progressively reducing environmental impacts of goods and resource intensity throughout the entire life-cycle to a level at least in line with the Earth's estimated carrying capacity". [6]
The boundary between efficiency and sufficiency actions are not always precisely set; some authors have a broad conception of efficiency that may include aspects of lifestyle change. Academic work released in 2022 systematically classified and databased specific public policy measures that can, individually and collectively, contribute to the ...
Resource efficiency is the maximising of the supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively, with minimum wasted resource expenses. It means using the Earth's limited resources in a sustainable manner while minimising environmental impact.
In order to achieve sustainable consumption, two developments have to take place: an increase in the efficiency of consumption, and a change in consumption patterns and reductions in consumption levels in industrialized countries and rich social classes in developing countries which have a large ecological footprint and set an example for ...
Ecological efficiency is a combination of several related efficiencies that describe resource utilization and the extent to which resources are converted into biomass. [ 1 ] Exploitation efficiency is the amount of food ingested divided by the amount of prey production ( I n / P n − 1 {\displaystyle I_{n}/P_{n-1}} )
Eco-labeling standardization is a new form of regulation which is voluntary in nature but impose upon large companies market forces in order to harmonize production of goods and services with stronger ecological practices. Recently, it has turned into a new form of non-state authority at both national and international levels.
A lot of companies using ecopreneurship principles incorporate sustainable product design. Product design incorporating sustainability can happen at any stage of the business, including material extraction, logistics, the manufacturing process, disposal, etc. Sustainable product design can be achieved using innovative technology (or Eco-innovation), cradle to cradle design, bio-mimicry, etc.
On the one hand, it has been claimed repeatedly by efficiency experts that resource use intensity (i.e., energy and materials use per unit GDP) could in principle be reduced by at least four or five-fold, thereby allowing for continued economic growth without increasing resource depletion and associated pollution.