Sustainable productsSustainable products are those products that provide environmental, social and economic benefits while protecting public health and environment over their whole life cycle, from the extraction of raw materials until the final disposal. According to Belz, Frank-Martin., the definition of sustainable product has six characteristics: Customer satisfaction: any products or services that do not meet customer needs will not survive in the market in a long term.
Post-growthPost-growth is a stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point (cited as $25,000 GDP/capita by Richard Wilkinson and Kate Pickett in their book The Spirit Level) it is necessary to look for other indicators and techniques to increase human wellbeing.
Hubbert peak theoryThe Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil. Choosing a particular curve determines a point of maximum production based on discovery rates, production rates and cumulative production. Early in the curve (pre-peak), the production rate increases due to the discovery rate and the addition of infrastructure.
Rebound effect (conservation)In conservation and energy economics, the rebound effect (or take-back effect) is the reduction in expected gains from new technologies that increase the efficiency of resource use, because of behavioral or other systemic responses. These responses diminish the beneficial effects of the new technology or other measures taken. A definition of the rebound effect is provided by Thiesen et al. (2008) as, “the rebound effect deals with the fact that improvements in efficiency often lead to cost reductions that provide the possibility to buy more of the improved product or other products or services.
Jevons paradoxIn economics, the Jevons paradox (ˈdʒɛvənz; sometimes Jevons effect) occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use increases its demand—increasing, rather than reducing, resource use. However, governments assume that efficiency gains will lower resource consumption, ignoring the possibility of the effect arising.
Laudato si'Laudato si' (Praise Be to You) is the second encyclical of Pope Francis. The encyclical has the subtitle "on care for our common home". In it, the pope critiques consumerism and irresponsible development, laments environmental degradation and global warming, and calls all people of the world to take "swift and unified global action." The encyclical, dated 24 May 2015, was officially published at noon on 18 June 2015, accompanied by a news conference.
DeindustrializationDeindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. There are different interpretations of what deindustrialization is. Many associate American deindustrialization with the mass closing of automaker plants in the now so-called Rust Belt between 1980 and 1990. The US Federal Reserve raised interest and exchange rates beginning in 1979, and continuing until 1984, which automatically caused import prices to fall.
EcomodernismEcomodernism is an environmental philosophy which argues that technological development can protect nature and improve human wellbeing through eco-economic decoupling, i.e., by separating economic growth from environmental impacts. Ecomodernism embraces substituting natural ecological services with energy, technology, and synthetic solutions as long as they help reduce impact on environment.
Resource consumptionResource consumption is about the consumption of non-renewable, or less often, renewable resources. Specifically, it may refer to: water consumption energy consumption electric energy consumption world energy consumption natural gas consumption/gas depletion oil consumption/oil depletion logging/deforestation fishing/overfishing land use/land loss or resource depletion and general exploitation and associated environmental degradation Measures of resource consumption are resource intensity and resource efficiency.
