ENBUS102 Lecture Notes - Lecture 6: Natural Capital, Sustainable Development, Social Enterprise
27 May 2016
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Document Summary
Enbus 102 tragedy of the commons & corporate greening techniques. The environment: the conditions that living things develop and live in. Anything that effects and influences all living organisms. Environment values at an us trillion dollar in services per year (based on marine systems >63% and. 38% terrestrial systems) global gnp values at a us trillion per year. The business: occupation that demands time and times, commercial establishments, trade, attention and labour. Sustainable development; meeting the needs of the present without compromising the ability of the future generations to meet their own needs (brundtland, 1987) Weak sustainability: keeping total net investment above zero, substitutability of natural capital (can convert natural resources if there is a net value- logic on using resources for benefits). Strong sustainability: natural capital is not substitutable through other forms of capital (cannot compare natural importance to human needs).
