Class Notes (835,629)
Canada (509,297)
Geography (946)
GEOG 3ER3 (22)
Lecture 7

Lecture 7 & 8.docx

3 Pages
Unlock Document

Maureen Padden

Lecture 7 & 8: Natural Capitalism Human Capital:  Intelligence, language and decision making Finance Capital:  Cash, monetary Manufactured Capital:  Machines, and tools Natural Capital:  Living systems, ecosystem services  Eg. Benefits from water purification system Weak Sustainability: - Total capital is constant= manufactured + financial + natural - Use up one type of capital and replace it with another - Eg. Nauru- island in SW pacific  Rich phosphate deposits used for fertilizers  Completely mined out a trust fund was established for future generations  Must now import almost everything – nothing left to trade  Gov’t dipping into that trust fund Strong Sustainability: - Natural capital is kept constant Environmental Sustainability  Physical flow of resources in maintained, not just value of stock  Eg. Fishery levels kept at a level they can replenish themselves Alaska Permanent Fund: Weak sustainability - 1976 est. fund to save portion of revenue from oil sands for future generations - 25% placed in fund Difficulties being efficient and sustainable:  Total amount of resource  Pop. Growth  Discount rate  What will future generations prefer Natural Capitalism Strategies: 1. Radical Resource Productivity  Industrial Revolution  200 workers in 1770 = 1 worker in 1812  Reversing now, Natural capital now becoming scarce  Use what’s scarce more productively  Easy to sell-> translates easily make
More Less

Related notes for GEOG 3ER3

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.