CICERO - Senter for klimaforskning

Sustaining Welfare for Future Generations. A Review Note on the Capital Approach to the Measurement of Sustainable Development

Thorvald Moe, Knut H. Alfsen, Mads Greaker

The objective of this policy paper is twofold: -To present an update on an economic approach to measure sustainable development - the capital approach - and how this approach may be combined with the ecological approach to arrive at indicators of sustainable development; -Show how this analytical framework is actually used in longer term policy making in Norway - a country that relies heavily on non-renewable resources. A model of development is presented based on produced, human, natural, health - and social capital and the level of technology. Natural capital is divided into two parts - natural capital produced and sold in markets (oil and gas) - and non-market natural capital like clean air and biodiversity. Then the policy rules and indicators that flow from this framework are applied to Norwegian longer term policies for sustainable development.

Mer detaljer

  • År: 2013
  • Språk: English
  • Serie/Rapport: CICERO Policy Note;2013:01