To meet present needs without compromising the

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: nd population and engage in sustainable development, which will allow us to leave future generations the capacity to live as well as we do today (Brundtlandt Commission). To meet present needs without compromising the ability of future generations to meet their own needs, we must preserve economic, environmental, and social capital (see definitions below) for future generations. Preserving capital requires increasing economic, environmental, and social security. Keeping the rate of consumption (demand) less than or equal to the rate of production (supply) preserves capital because capital increases or remains constant over timevi. We can use triple bottom line accounting, also known as sustainability accounting, to keep track of all three forms of capital and to identify sustainable purchasing and policy options. We can achieve sustainability through conservation and efficient use of capital, building up of capital reserves, using triple bottom line accounting, and diversifying by adding redundancy to capital supply systems (e.g., have multiple sources of food, water, and energy). We will explore these strategies throughout this book. Social, economic, and environmental sustainability require that society preserve or increase the...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online