Sustainability in the twenty-first century : applying sustainomics to implement the sustainable development goals

In applying the innovative 'sustainomics' framework and identifying the balanced inclusive green growth (BIGG) path to achieve sustainability, this book provides a rigorous and practical analysis of sustainable development today. Developed and applied globally over the past twenty-five years by world renowned multi-disciplinary expert Mohan Munasinghe, sustainomics gives us an optimistic message: although our problems are serious, we can respond effectively by making development more sustainable, but only if we begin immediately. Sustainomics shows us the first practical steps in making the transition from the risky business-as-usual scenario to a safe and sustainable future for all. Some key features include: an explanation of the key principles of sustainomics, free of technical jargon; empirical case studies that are practical and policy-relevant over a wide range of time scales, countries, sectors, ecosystems and circumstances; annexes that provide mathematical and additional details; and an extensive and up-to-date bibliography to aid further research. Contents Foreword Preface Part I Framework and Fundamentals 1 Overview and Summary 1.1 Outline of the Book 1.2 Rationale and Motivations 1.3 Brief History and Summary of Sustainomics 1.4 SD Status and SDGs 2 Sustainomics Framework 2.1 Overview 2.2 Basic Concepts and Principles 2.3 Key Elements of the Sustainable Development Triangle 2.4 Integration of Economic, Social and Environmental Elements 2.5 BIGG to Restructure Development for Sustainability 2.6 Tools and Methods for Integrated Analysis and Assessment 3 Economics of the Environment 3.1 Overview 3.2 Human Activities and the Environment 3.3 Conventional Project Evaluation 3.4 Measuring Costs and Benefits 3.5 Basic Concepts for Valuing Environmental Costs and Benefits 3.6 Multicriteria Analysis 3.7 Discount Rate, Risk and Uncertainty 3.8 Economywide Policies and the Environment Annex 3.1 Estimating and Using Shadow Prices 4 Environmental and Social System Links 4.1 Overview 4.2 Conceptual Framework Linking Ecological and Socioeconomic Systems 4.3 Property Rights, Governance and Ecological–Social Linkages 4.4 Sustainable Values and EA and SA Part II Global and Transnational Applications 5 Global Analytical Applications 5.1 Overview 5.2 Climate Change and Sustainable Development 5.3 Applying the Sustainomics Framework to Climate Change 5.4 Climate Change Adaptation and Mitigation 5.5 Global-Level Interactions between Climate Change and Sustainable Development 5.6 GHG Mitigation Prospects in Sri Lanka 5.7 Real-Options Framework for Carbon Trading under Uncertainty 6 International Process Applications: Multilevel, Multistakeholder, Transdisciplinary Dialogues 6.1 Overview 6.2 Global Transdisciplinary Scientific Dialogue on Climate Change and Sustainable Development 6.3 Sustainable Sri Lanka Vision 2030 Report and Building the National Consensus 6.4 Key Policy Actions and 2030 Outcomes 6.5 DDP: Multilevel, Multistakeholder Dialogue 6.6 DDP Evaluation Results and Conclusions Part III National and Macroeconomic Applications 7 National Economywide Applications 7.1 Overview 7.2 Historical Evolution of Ideas 7.3 Empirical Evidence 7.4 Framework for Analysis 7.5 Case Study of Brazil – Making Long-Term Development More Sustainable 8 Mathematical Macromodel Applications 8.1 Overview 8.2 Optimal Growth Models and Sustainable Development 8.3 Economic and Noneconomic Costs and Benefits of Growth 8.4 An Optimization Model: Ecol-Opt-Growth-1 8.5 Model Conclusions 8.6 Macroeconomic Policies, Second-Best Theory and Environmental Harm 8.7 DC Case Studies Annex 8.1 Ecol-Opt-Growth-1 Model Annex 8.2 Second-Best Nature of Macroeconomic Policies When Environmental Externalities Are Present 9 Computable General Equilibrium Modeling Applications 9.1 Overview 9.2 Economywide Cross Effects of Social and Environmental Policies in Chile 9.3 Review of Economic, Social and Environmental Issues and Policies 9.4 Interactions between Social, Environmental and Economic Policies 9.5 Chile Case Study Conclusions 9.6 Economywide Policies and Deforestation in Costa Rica 9.7 Modeling Approach 9.8 Main Findings of the Costa Rica Study Annex 9.1 ECOGEM – Chile CGE Model Summary Annex 9.2 Costa Rica CGE Model Summary Part IV Sectoral and Resource System Applications 10 Energy Sector Applications 10.1 Overview 10.2 Energy and Sustainable Development 10.3 Framework for SED 10.4 Applying SED to Power Planning in Sri Lanka 10.5 Energy Policy Options 10.6 Assessing the Sustainability of Energy Policies in South Africa 11 Transport Sector Applications 11.1 Overview 11.2 Generic Priorities for Sustainable Transport 11.3 Health Costs of Air Pollution in Sri Lanka 11.4 Traffic Congestion – Economic and Environmental Sustainability 11.5 Other Options for Reducing Traffic Congestion 11.6 Sustainable Transport Policy in Sri Lanka 12 Water Resource Applications 12.1 Overview 12.2 Hydrological Cycle and Human Actions 12.3 Water and Development 12.4 Sustainable Water Resources Management and Policy 12.5 Management of Groundwater Depletion and Saline Intrusion in the Philippines 12.6 Policy Implementation Issues 12.7 Simple Water Filtration Method for Cholera Prevention in Bangladesh Annex 12.1 Economic Costs of Producing Water 13 Agricultural and Land-Use Applications 13.1 Overview 13.2 Sustainable Management of Tropical Forests 13.3 Valuing Forest Ecosystems in Madagascar 13.4 Sustainable Agriculture and Climate Change 13.5 Climate Impacts on Agriculture in Sri Lanka Annex 13.1 Models Used for Tropical Forest Valuation 14 Sustainable Pricing Policy Applications 14.1 Overview 14.2 SPP for Energy 14.3 Extensions of the Basic Model 14.4 Calculating Economically Efficient Prices Based on Strict LRMC 14.5 Adjusting Efficient Prices to Meet Other Objectives 14.6 Sustainable Pricing of Water Resources Annex 14.1 Optimal Energy Pricing Annex 14.2 Demand Analysis and Forecasting Part V Project and Local Applications 15 Project and Business Applications 15.1 Overview 15.2 Small Hydro Projects and SED in Sri Lanka 15.3 Main Findings of the Small Hydro Study 15.4 New and Renewable Energy Projects: Case Study of Solar pv 15.5 Sustainable Rural Electrification Based on Renewable Energy 15.6 Evaluating a Typical Water Supply Project in a Poor African Village 15.7 Sustainable Consumption and Production 16 Disaster and Human Habitat Application 16.1 Overview 16.2 Sustainable Hazard Reduction and Disaster Management 16.3 The 2004 Asian Tsunami: A Preliminary Assessment 16.4 Urban Vulnerability, Natural Hazards and Environmental Degradation 16.5 Urban Sustainability Bibliography Index