Blueprint for a Green Economy

Front Cover
This report has been prepared by the London Environmental Economics Centre (LEEC). LEEC is a joint venture, established in 1988, by the International Institute for Environment and Development (IIED) and the department of Economics of University College London (UCL). Popularly known as The Pearce Report, this book is a report prepared for the Department of the Environment. It demonstrates the ways in which elements in our environment at present under threat from many forms of pollution can be costed. The book goes on to show ways in which governments are able, as a consequence of this analysis, to construct systems of taxation which would both reduce pollution by making it too costly and generate revenue for cleaning up much of the damage. The book ends with a series of skeleton programmes for progress.
 

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Contents

THE MEANING OF SUSTAINABLE
28
VALUING THE ENVIRONMENT
51
DIFFICULTIES IN THE APPLICATION
82
ACCOUNTING FOR THE ENVIRONMENT
93
PROJECT APPRAISAL
120
DISCOUNTING THE FUTURE
132
PRICES AND INCENTIVES FOR ENVIRONMENTAL
153
SUSTAINABLE DEVELOPMENT
173
INDEX
186
Copyright

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Page 184 - Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Page xiv - Humanity has the ability to make development sustainable — to ensure that it meets the needs of the present without compromising the ability of future generations to meet their own needs.
Page 184 - We came to see that a new development path was required, one that sustained human progress not just in a few places for a few years, but for the entire planet into the distant future. Thus 'sustainable development' becomes a goal not just for the 'developing' nations, but for industrial ones as well.
Page 176 - Sustainable development is here defined as a pattern of social and structural economic transformations (ie 'development') which optimizes the economic and societal benefits available in the present, without jeopardizing the likely potential for similar benefits in the future.
Page 181 - ... more strictly, the requirement for non-negative changes in the stock of natural resources, such as soil and soil quality, ground and surface water and their quality, land biomass, water biomass, and the waste-assimilation capacity of the receiving environments.
Page 77 - This study measures the option price (option value plus expected consumer surplus) and existence value of grizzly bears and bighorn sheep in Wyoming — both of these species being endangered by human activity in the area. A mail survey was sent out, with questions being directed towards hunters and nonhunters. Hunters were asked their WTP for a "stamp...
Page 5 - One of the central themes of environmental economics ... is the need to place proper values on the services provided by natural environments. The central problem is that many of these services are provided "free.
Page 184 - Even the narrow notion of physical sustainability implies a concern for social equity between generations, a concern that must logically be extended to equity within each generation.
Page 181 - sustainable development' suggests that the lessons of ecology can, and should be applied to economic processes. It encompasses the ideas in the World Conservation Strategy, providing an environmental rationale through which the claims of development to improve the quality of [all] life can be challenged and tested.

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