Lecture 9 - Environmental Economics

March 3, 2005

1. handback stuff - vocabulary assessment

2. review community ecology

community development vs. growth

Characteristics of immature and mature ecosystems

Network

• stability
• resiliance
• resistance

3. Management based on these principles

• Natural Step
• Eco-efficient economy
• McDonough Design Principles

4. Material cycling in cities

• London
• Denmark
• Oslo
• control of these cycles
• indicators, wealth

5. media assignment

break

6. Environmental Economics

• four types of capital
  • natural
  • human
  • financial
  • manufactured
• ecological view of economics
• unsustainable vs. sustainable development
• monitoring economic and environmental progress
  • economic
  • environmental accounting
  • progress
• internal and external costs
• cost benefit analysis
  • how much it costs to control pollution
• example of cost benefit analysis with air pollution

7.Conservation economy

• Ecotrust
• Conservation economy
  • the pattern map
  • for example
  • Natural Capital --> ecological land use --> compact towns --> human scale neighborhoods
• bank, loans and types of projects Shorebank stories
  • to save resources
  • recycling
  • very slow payback for developers/financiers

8. steering society with indicators

• economic indicators
• ecological health indicators
• definition of what makes us "wealthy"
• footprinting as a way to generate indicators on loss of natural capital

9. how all this relates to sustainability - transition to last lecture