Sustainability metrics and their use

Peter Bartelmus

Chapter 4 in Handbook on Growth and Sustainability, 2017, pp 59-82 from Edward Elgar Publishing

Abstract: Confronting different categories of sustainability with physical, monetary and hybrid indicators provides a simple framework for sustainability metrics. Physical measures of ecological sustainability suffer from problems of indicator selection, aggregation and the use of judgmental standards or targets. They help manage particular ecosystems, warn us about threats to sustainability and may trigger responsive action. Aggregation problems increase for assessing the sustainability of multidimensional development. Monetary measures and models conceptualize sustainability as maintaining wealth and well-being but do not provide realistic policy advice. Greened national accounts measure the measurable, which is the cost of maintaining produced and natural capital. They support the integration of environmental and economic policy.

Keywords: Economics and Finance; Environment; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
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