Environmental accountingEnvironmental accounting is a subset of accounting proper, its target being to incorporate both economic and environmental information. It can be conducted at the corporate level or at the level of a national economy through the System of Integrated Environmental and Economic Accounting, a satellite system to the National Accounts of Countries (among other things, the National Accounts produce the estimates of gross domestic product otherwise known as GDP).
Energy qualityEnergy quality is a measure of the ease with which a form of energy can be converted to useful work or to another form of energy: i.e. its content of thermodynamic free energy. A high quality form of energy has a high content of thermodynamic free energy, and therefore a high proportion of it can be converted to work; whereas with low quality forms of energy, only a small proportion can be converted to work, and the remainder is dissipated as heat.
Environmental philosophyEnvironmental philosophy is the branch of philosophy that is concerned with the natural environment and humans' place within it. It asks crucial questions about human environmental relations such as "What do we mean when we talk about nature?" "What is the value of the natural, that is non-human environment to us, or in itself?" "How should we respond to environmental challenges such as environmental degradation, pollution and climate change?" "How can we best understand the relationship between the natural world and human technology and development?" and "What is our place in the natural world?" Environmental philosophy includes environmental ethics, environmental aesthetics, ecofeminism, environmental hermeneutics, and environmental theology.
Life cycle thinkingLife cycle thinking refers to the consideration of environmental impacts throughout the various stages of a product's existence and the endeavor to minimize these impacts whenever feasible. It aims to prevent the transfer of environmental burdens from one stage to another. Additionally, life cycle thinking acknowledges the role of technological advancement in addressing environmental concerns. This approach is adopted by companies in the development of eco-friendly products, by consumers in making conscious product selections, and by governments in establishing regulatory standards to mitigate environmental effects.
Maximum power principleThe maximum power principle or Lotka's principle has been proposed as the fourth principle of energetics in open system thermodynamics, where an example of an open system is a biological cell. According to Howard T. Odum, "The maximum power principle can be stated: During self-organization, system designs develop and prevail that maximize power intake, energy transformation, and those uses that reinforce production and efficiency." Chen (2006) has located the origin of the statement of maximum power as a formal principle in a tentative proposal by Alfred J.
Natural capitalNatural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible. It is an extension of the economic notion of capital (resources which enable the production of more resources) to goods and services provided by the natural environment.
Life-cycle engineeringLife-cycle engineering (LCE) is a sustainability-oriented engineering methodology that takes into account the comprehensive technical, environmental, and economic impacts of decisions within the product life cycle. Alternatively it can be defined as “sustainability-oriented product development activities within the scope of one to several product life cycles.” LCE requires analysis to quantify sustainability, setting appropriate targets for environmental impact.
Green New DealGreen New Deal (GND) proposals call for public policy to address climate change along with achieving other social aims like job creation, economic growth and reducing economic inequality. The following are some of the common points of the many Green New Deal proposals in the United States: 100% Clean Energy: The Green New Deal proposes a transition to 100% clean, renewable energy sources such as wind, solar, and geothermal power within 10 years.
Economic growthEconomic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting.
Uneconomic growthUneconomic growth is economic growth that reflects or creates a decline in the quality of life. The concept is used in human development theory, welfare theory, and ecological economics. It is usually attributed to ecological economist Herman Daly, though other theorists may also be credited for the incipient idea, According to Daly, "uneconomic growth occurs when increases in production come at an expense in resources and well-being that is worth more than the items made.
