RECAP

Human Rights

Life Essentials

How are these limited resources distributed or used?

Where are we?

Where are we?

Where are we?

UNEQUAL & UNSUSTAINABLE DEVELOPMENT

Ending poverty is possible without pressure on planetary boundaries

+ 3% of worlds food supply + 1% CO2 emissions

13%

19%

1/3 of world’s food supply is wasted

Sources of Pressure on Planetary Boundaries

• Excessive consumption of the richest 10%

• Inefficiencies in resource use

• Growing global middle class

Moving into the safe and just space for humanity

• Quantifying planetary & social boundaries

• Cutting Resource intensity most affluent lifestyles (equity & sustainability)

• Resource efficient technologies & production patterns

• Knowledge

• Empathy and long-term decision making

• Rethink “Economic Development”

Rethink “Economic Development”

≠ GDP Growth! fails to reflect:

• Change way of planning E. D. Diverse group of people for decision making

• New metrics Capture the full scope of economy Measure “real wealth”

! Degradation! Inequality! Deprivation

4 significant SHIFTS (inspired by CMEPSP)

1. Measuring financial assets + monitoring changes in underlying stocks

“Inclusive Wealth Index” (IWI)

2. Measuring what is sold + what is provided for free.e.g. Volunteer work, Unpriced Ecosystems with value for economy.

3. Aggregates & Averages + monitoring Distribution.

but

VALUABLE!

GDP / capita

4. Monetary Metrics + Natural and Social Metrics.

$/......t CO2/m³

m² kg ppm ...

Reforming Accounting Systems“happyness accounting”

“well-beeing” indicators

sustainability

“non-market accounting”

principles of equity

quality of life,…

Redefining task of economists

- work together with natural scientists and social scientists

- know about how this planet sustains us

- know how it responds to excessive pressure from human activity

- know how this undermines our well-being

- incorporate human rights

design appropriate policies & regulations.

Governments and Economists

Companies

Every Individual

Soci

ety

Governments and Economists

Companies

Every Individual

Soci

ety

navigate humanity into the “Safe and Just Space” between planetary and social boundaries, where we are able to thrive.

“Thrivability”

Sources:

• Literature:

The Worldwatch Institute (2013). State of the World 2013, Is sustainability still possible? Retrieved from: www.longfiles.com/jnb4fklkpnr6/State_of_the_World_2013.pdf.html

Kate Raworth (2012). A Safe and Just Space for Humanity. Can we live within the doughnut? Oxfam Discussion papers. Retrieved from: www.oxfam.org/grow

• Videos:http://www.youtube.com/watch?v=cAh76GLKW8M#t=131http://www.youtube.com/watch?v=cqDgVjRzwhghttp://www.youtube.com/watch?v=CqJL-cM8gb4