by Terence Jeyaretnam, Director of Net Balance (firstname.lastname@example.org), one of the world’s leading sustainability advisory firms. Terence is based in Melbourne.
A businessman would not consider a firm to have solved its problems of production and to have achieved viability if he saw that it was rapidly consuming its capital. How, then, could we overlook this vital fact when it comes to that very big firm, the economy of Spaceship Earth and, in particular, the economies of its rich passengers? E F Schumacher, Small is Beautiful, 1973
Erosion of natural capital has continued over the past 50 years, despite the heightened awareness of environmental impact of industrialization and population growth. Over the fifty years, there’s been a multitude of international conventions, giving birth to a large number of new institutions and protocols on sustainable development. They have proved just one thing – that there’s no silver bullet for the environmental predicament. [Read more…]