Recasting Economics as if the Climate and Global Ecology Really Mattered

John R. Porter; Mark Howden; Pete Smith; Michaela Schiller  Stokholm

Recasting Economics as if the Climate and Global Ecology Really Mattered

John R. Porter
, Mark Howden
, Pete Smith
, Michaela Schiller Stokholm

Aberdeen Centre For Environmental Sustainability

Australian National University
University of Copenhagen

Research output: Contribution to journal › Article › peer-review

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Abstract

The current paradigm of global economics with exponential and continuous economic growth is unsustainable as far as Earth system ecology is concerned. To support the Earth system and boost sustainable development, a functional and operational linkage between global ecology and economics should be established – which we term ‘carbonomics’. The simple basis of ‘carbonomics’ is that the more
fossil and non-fossil carbon one has as stocks, and not flows, of carbon, the richer one is. This opinion piece makes some suggestions about how we might establish such a balanced relationship.

Original language	English
Pages (from-to)	220-229
Number of pages	10
Journal	Consilience
Volume	17
Issue number	1
Publication status	Published - 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 13 Climate Action

Keywords

climate change
carbon standard
global economy
global ecology
carbon stocks
carbon sequestration

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Recasting Economics As If the Climate and Global Ecology Really
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Cite this

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title = "Recasting Economics as if the Climate and Global Ecology Really Mattered",

abstract = "The current paradigm of global economics with exponential and continuous economic growth is unsustainable as far as Earth system ecology is concerned. To support the Earth system and boost sustainable development, a functional and operational linkage between global ecology and economics should be established {\textendash} which we term {\textquoteleft}carbonomics{\textquoteright}. The simple basis of {\textquoteleft}carbonomics{\textquoteright} is that the more fossil and non-fossil carbon one has as stocks, and not flows, of carbon, the richer one is. This opinion piece makes some suggestions about how we might establish such a balanced relationship.",

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AU - Howden, Mark

AU - Smith, Pete

AU - Stokholm, Michaela Schiller

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Y1 - 2017

N2 - The current paradigm of global economics with exponential and continuous economic growth is unsustainable as far as Earth system ecology is concerned. To support the Earth system and boost sustainable development, a functional and operational linkage between global ecology and economics should be established – which we term ‘carbonomics’. The simple basis of ‘carbonomics’ is that the more fossil and non-fossil carbon one has as stocks, and not flows, of carbon, the richer one is. This opinion piece makes some suggestions about how we might establish such a balanced relationship.

AB - The current paradigm of global economics with exponential and continuous economic growth is unsustainable as far as Earth system ecology is concerned. To support the Earth system and boost sustainable development, a functional and operational linkage between global ecology and economics should be established – which we term ‘carbonomics’. The simple basis of ‘carbonomics’ is that the more fossil and non-fossil carbon one has as stocks, and not flows, of carbon, the richer one is. This opinion piece makes some suggestions about how we might establish such a balanced relationship.

KW - climate change

KW - carbon standard

KW - global economy

KW - global ecology

KW - carbon stocks

KW - carbon sequestration

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SP - 220

EP - 229

JO - Consilience

JF - Consilience

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ER -

Recasting Economics as if the Climate and Global Ecology Really Mattered

Abstract

UN SDGs

Keywords

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