ENV100H1 Lecture Notes - Lecture 10: Lake Simcoe, Gross National Happiness, Natural Resource Economics

• School: UTSG
• Department: School of Environment
• Course: ENV100H1
• Professor: Simon Appolloni

Document Summary

Our wellbeing but not at cost of wellbeing of most marginalized/women. A need to re-imagine our relationship with earth/with others. Our wellbeing but not at cost of wellbeing of ecosystems. Natural resource economics looks at how we can have efficiency in the use of scarce resources. Environmental economics: looking at the output and what the distribution is of all the outputs. No: human wellbeing (long lives, life satisfaction) within society. Looking at all of the above with sustainability in mind: human species" wellbeing subject to bio-capacity, ecological footprint ***here. Market failure: the market fails to value the services that are rendered from ecosystems, extrinsic valuation: ecosystem services (paving over lawns) Measure and manage (remind you of orr?: the only think you really need to manage is ourselves orr. A need to redefine, reimagine: progress, prosperity, wellbeing, gdp, you can have growth when bad environmental things are happening, don"t think of gdp its not a true measure.