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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 ...
This is known as the weak sustainability view, essentially that every technology can be improved upon or replaced by innovation, and that there is a substitute for any and all scarce materials. At the other extreme, the strong sustainability view argues that the stock of natural resources and ecological functions are irreplaceable.
Solow (1974) shows that, given a degree of substitutability between produced capital and natural resources, one way to design a sustainable consumption program for an economy is to accumulate produced capital sufficiently rapidly so that the pinch from the shrinking exhaustible resource stock is precisely countered by the services from the ...
Making a city "sustainable" means thinking about how to meet the housing, power, food and economic needs of its residents—not just today, but years from now. As a city's population swells, its leaders must plan ahead. They need to build resilience into communities that depend on government to deliver vital services.
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 ...
This steep decline is driven by technological advancements, increased competition and supportive government policies, making solar energy the most affordable power source in many areas and paving ...
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 suit accuses the lender of violating its own mission of promoting sustainable development while doing no harm. The IFC failed “to prevent and mitigate harms to the property, health, livelihoods, and way of life of many of the people who live near the Tata Mundra Plant,” says the complaint.
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