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The concept of weak sustainability still attracts a lot of criticism. Some even suggest that the concept of sustainability is redundant. Other approaches are advocated, including ‘social bequests’, which focus the attention away from neoclassical theory altogether. A prime example of a weak sustainability is the Government Pension Fund of ...
Ecological economics draws upon its work on resource allocation and strong sustainability to address monetary policy. Drawing upon a transdisciplinary literature, ecological economics roots its policy work in monetary theory and its goals of sustainable scale, just distribution, and efficient allocation. [103]
In that model, the weak sustainability concept states that capital made by humans could replace most of the natural capital. [73] [72] Natural capital is a way of describing environmental resources. People may refer to it as nature. An example for this is the use of environmental technologies to reduce pollution. [74] The opposite concept in ...
Such movements often question the dominant form of valuation of resource uses (i.e. monetary values and cost-benefit analyses) and renegotiate the values deemed relevant for sustainability. [19] Sometimes, particularly when the resistance weakens, demands for monetary compensation are made (in a framework of ‘weak sustainability’). [22]
This is because the concept of sustainable development is "based on weak sustainability" which doesn't take account of the reality of "limits to earth's resilience". [29] Ross draws on the impact of climate change on the global agenda as a fundamental factor in the "shift towards ecological sustainability" as an alternative approach to that of ...
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
The bank says the increase in the numbers of people identified as being affected by the dam came because the project’s managers used a broader definition of affected households. In other cases, bank officials have attributed shifting numbers for people harmed by projects to later expansions in projects’ size or to population growth during ...
Weak sustainable consumption is the failure to adhere to strong sustainable consumption. In other words, consumption of highly pollutant activities, such as frequent car use and consumption of non-biodegradable goods (such as plastic items, metals, and mixed fabrics).