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In practice, as pointed out by Sir Nicolas Stern in the case of carbon emissions, prices are distorted by externalities and are unreliable indicators of ecological scarcity.
As a main method for achieving environmental protection, improvement of environmental efficiency is vitally important for reducing environmental risk and level of ecological scarcity.
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We seem to be navigating the new and unfamiliar waters of ecological scarcities and climate risks with faulty instruments.
A recent UNEP report proposes a green economy defined as one that "improves human well-being and social equity, while significantly reducing environmental risks and ecological scarcities": it "does not favour one political perspective over another but works to minimise excessive depletion of natural capital".
The most widely used and reliable definition of "green economy" comes from the United Nations Environment Programme which states that "a green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities.
In the face of ecological and economic data scarcity, simple rules are needed for the design of cost-effective habitat networks.
In addition to these continuing scarcity issues, ecological insecurity may increase because of new threats that include global warming, loss of biodiversity, bioinvasion, and the rapid worldwide growth of new diseases.
The authors of From Resource Scarcity to Ecological Security find that the world population will likely continue to level off, but the population decline in many industrialized countries will create new socioeconomic and political problems including the "reverse demographic shock" of disproportionately large aging populations.
From Resource Scarcity to Ecological Security revisits the findings of The Global 2000 Report to the President commissioned by President Jimmy Carter in 1977 and presents an up-to-date overview, informed by the earlier projections, of such critical topics as population, water, food, energy, climate change, deforestation, and biodiversity.
Considering the political context of the region, the paper argues that the water scarcity and ecological integrity in the basin can only be better resolved by a multilateral cooperation framework among the GBM river basin countries.
80 pp. ISBN: 0-309-09690-1, $18 From ReScarcitycarcito to Ecological Security: Exploring New Limits to Growth Dennis Pirages, Ken Cousins, eds.
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