Lecture
This lecture delves into the concept of sustainability by examining the different types of capital, including man-made, natural, human, and immaterial capital. It explores the conditions for sustainable development, such as the need for a balance between nature's capacity to renew itself and human demands. The instructor discusses the critical components of natural capital and the implementation of strong conditions for sustainable development. Additionally, the precautionary principle and the Swiss government's stance on sustainable development are highlighted. The lecture concludes by emphasizing the importance of preserving total capital to achieve sustainable development.