Sustainability+Revolution+Chpt+1

A coral reef is an example of critical natural

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: l may be irreversible: for instance, once a species goes extinct, it is lost forever. Some components of ecosystems like coral reefs cannot be removed without collapse of the entire ecosystem. A coral reef is an example of critical natural capital, since no other form of capital can substitute for it (Adams 2006)." According to Ott (2003) “Many economists now accept that a minimum stock of natural capital is critical for human survival and well-being. If so, weak sustainability needs to integrate a notion of critical natural capital, including criteria for its determination… But if economists accept the necessity of critical natural capital, they implicitly drop the assumption of unlimited substitutability.” The precautionary principle and the minmax principle (strategy for minimizing potential loss while maximizing potential gain) both argue for strong sustainability (Ott 2003). Thus, in this book we advocate strong sustainability, in which sustainable development and sustainable maintenance require that we balance the books independently...
View Full Document

This note was uploaded on 01/08/2014 for the course SUST 510 taught by Professor Marker during the Fall '14 term at Black Hills State University.

Ask a homework question - tutors are online