Titlebook: Understanding Sustainability Principles and ESG Policies; A Multidisciplinary Colin Read Textbook 2023 The Editor(s) (if applicable) and T

团结

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合同

Cosmology, Entropy, and SustainabilityIn our exploration of sustainability, we must first understand the nature of our natural capital; what created it; why is it in finite supply; and what we can do to create more of it as we consume what we have. These queries define the unique scarcity of the Earth’s capital.

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The Natural History of Fossil FuelsThis chapter draws upon material I presented in a book entitled ... In that book I documented how our quest for new sources of fossil fuels has induced us to take resource extraction risks that increasingly damage the environment.

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The Tragedy of the Commons and the Coase TheoremThe intuition of the dynamics of sustainability for a depletable or renewable resource is the interplay between extraction and consumption today and extraction delayed until tomorrow. The discount rate is a measure of how mortal generations regard those that follow them.

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The Planet’s Balance Sheet and Nature’s Bankto create greater harmony between humankind and our ecosystem. However, these paradigms do not articulate a single overarching and unifying principle to which they all strive to enhance. The next challenge is the integration of these various values into criteria within the vocabulary of economics and finance.