Sustainomics, Sustainable Development and Climate Change

Abstract

This paper examines key issues in the nexus of sustainable development and climate change. It describes sustainomics as ‘a transdisciplinary, integrative, balanced, heuristic and practical meta-framework for making development more sustainable’. The paper seeks to integrate these concepts through two broad approaches involving optimality and durability, and applies these ideas to climate change analysis. Operationally, it plays this bridging role by helping to map the results of environmental and social impact assessments (EIA and SIA) onto the framework of conventional economic analysis of projects. In addition the approach may help to formulate effective sustainable development policies, by linking and articulating these activities explicitly trough the Action Impact Matrix framework.

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“…Thus, sustainable development requires both increases in adaptive capacity and opportunities for improving economic, social and ecological systems." (Munasinghe, 2007) Also, he has created and presented at the 1992 Earth Summit in Rio, the triangle or the balance of sustainable development (Figure 1), all its three components being interdependent (Munasinghe, 2007;Munasinghe, 2010): Long before the Earth Summit in Rio, in 1992, The United Nations (UN) Conference on the Human Environment took place in 1972, in Stockholm and it is considered to be the first cornerstone for identifying solutions to the problems faced by the population. According to Vogler (in Bâc, 2008:577) one of its contributions consists on the 26 principles included on the Declaration of the United Nations Conference on the Human Environment which became an important reference for the laws that were issued on environmental protection.…”

Exploring the Obstacles and the Limits of Sustainable Development. A Theoretical Approach

“…Thus, sustainable development requires both increases in adaptive capacity and opportunities for improving economic, social and ecological systems." (Munasinghe, 2007) Also, he has created and presented at the 1992 Earth Summit in Rio, the triangle or the balance of sustainable development (Figure 1), all its three components being interdependent (Munasinghe, 2007;Munasinghe, 2010): Long before the Earth Summit in Rio, in 1992, The United Nations (UN) Conference on the Human Environment took place in 1972, in Stockholm and it is considered to be the first cornerstone for identifying solutions to the problems faced by the population. According to Vogler (in Bâc, 2008:577) one of its contributions consists on the 26 principles included on the Declaration of the United Nations Conference on the Human Environment which became an important reference for the laws that were issued on environmental protection.…”