Question

Ecological Economics & Growth. Is the current economic growth model sustainable? What are the impacts of the economic growth model on the triple bottom line of environment, economics, and equity? In what ways might a transition to an ecological economics paradigm affect the triple bottom line? Describe how a steady state economy or "Prosperity without Growth" might be possible.

Answer 1

The modern era of todays time, has seen economies across the world also analyse the impacts that growth has over the ecology of the world. This alone, can be understood from the fact

economic growth is not compatible with environmental sustainability

economic growth is environmentally unsustainable.However, there is an uncomfortable scientific truth that has to be faced: economic growth is environmentally unsustainable.

Triple bottom line (TBL), in economics, believes that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet. A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time.

Seven Business Case Benefits of a Triple Bottom Line – Tenth Anniversary Edition

Increase revenue.

Reduce energy expenses.

Reduce waste expenses.

Reduce materials and water expenses.

Increase employee productivity.

Reduce hiring and attrition expenses.

Reduce strategic and operational risks

A triple bottom line to ensure Corporate Responsibility Cecilia Mark Herbert, Julia Roster & Adakan Pakserisht As a part of environmental camomic trans Corporate Responsibility (CR) deals with business perspectives of solubile development. It refers to holding business actors decountable for their intents and action setting objects and taking actions above and ineyond that of following the few and eximio the interest on the extent for the stockholders. This overview offers a brief presentation of a framework for Rent builder the motion of corporate governance according to the so called the triple bottom line "where Nustainabile corporate conduct is minaged with economic, entironmental and social va in wind, in wrder to address wariowy stakeholder news from a holistic perspective The triple bottom line The term "Imple bottom line was coined by John Elkington in 1994 in an attempt to create a new language to express what was perceived as an inevitable expansion of existing corporate models from purely economic models to economic values ​​as a part of managing sustainable conduct. This new model has three value grounds in economic environmental and social aspects of value creation with ambitions to embrace the corporate sustainability objectives expressed in the Bruntland Report (UNWCED, 1987) since 1994 the use of the triple bottom line in academic literature that deals with sustainability issues has drastically increased and so has the number of graphical interpretations of the model

Prosperity Without Growth is a book by author and economist Tim Jackson. It was originally released as a report by the Sustainable Development Commission.

An economy can reach a steady state after a period of growth or after a period of downsizing or degrowth. To be sustainable, a steady state economy may not exceed ecological limits. A steady state economy entails stabilized population and per capita consumption.

A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. ... The world's mounting ecological problems have brought about a widening interest in the concept of a steady-state economy.