Externality or sustainability economics?

In an effort to develop “sustainability economics” Baumgärtner and Quaas (2010) neglect the central concept of environmental economics–“environmental externality”. This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition, attention is...

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Published in	Ecological economics Vol. 69; no. 11; pp. 2047 - 2052
Main Author	van den Bergh, Jeroen C.J.M.
Format	Journal Article
Language	English
Published	Elsevier B.V 15.09.2010 Elsevier
Series	Ecological Economics
Subjects	Climate change Climate change Dynamic externalities Rebound Spatial sustainability Resilience Steady-state economy Strong Conceptualization Dynamic externalities Environmental economics Externalities Rebound Resilience Spatial sustainability Steady-state economy Strong/weak sustainability Sustainability Sustainability policy Systems thinking weak sustainability Sustainability policy Systems thinking Climate change Sustainability policy Spatial sustainability Strong/weak sustainability Dynamic externalities Rebound Steady-state economy Systems thinking Resilience
Online Access	Get full text
ISSN	0921-8009 1873-6106
DOI	10.1016/j.ecolecon.2010.02.009

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Abstract	In an effort to develop “sustainability economics” Baumgärtner and Quaas (2010) neglect the central concept of environmental economics–“environmental externality”. This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition, attention is asked for other aspects of “sustainability economics”, namely the distinction weak/strong sustainability, spatial sustainability and sustainable trade, distinctive sustainability policy, and the ideas of early “sustainability economists”. I argue that both sustainability and externalities reflect a systems perspective and propose that effective sustainability solutions require that more attention is given to system feedbacks, notably other-regarding preferences and social interactions, and energy and environmental rebound. The case of climate change and policy is used to illustrate particular statements. As a conclusion, a list of 20 insights and suggestions for research is offered.
AbstractList	In an effort to develop “sustainability economics” Baumgärtner and Quaas (2010) neglect the central concept of environmental economics–“environmental externality”. This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition, attention is asked for other aspects of “sustainability economics”, namely the distinction weak/strong sustainability, spatial sustainability and sustainable trade, distinctive sustainability policy, and the ideas of early “sustainability economists”. I argue that both sustainability and externalities reflect a systems perspective and propose that effective sustainability solutions require that more attention is given to system feedbacks, notably other-regarding preferences and social interactions, and energy and environmental rebound. The case of climate change and policy is used to illustrate particular statements. As a conclusion, a list of 20 insights and suggestions for research is offered. In an effort to develop ''sustainability economics'' Baumgartner and Quaas (2010) neglect the central concept of environmental economics-''environmental externality''. This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition, attention is asked for other aspects of ''sustainability economics'', namely the distinction weak/strong sustainability, spatial sustainability and sustainable trade, distinctive sustainability policy, and the ideas of early ''sustainability economists''. I argue that both sustainability and externalities reflect a systems perspective and propose that effective sustainability solutions require that more attention is given to system feedbacks, notably other-regarding preferences and social interactions, and energy and environmental rebound. The case of climate change and policy is used to illustrate particular statements. As a conclusion, a list of 20 insights and suggestions for research is offered. All rights reserved, Elsevier In an effort to develop "sustainability economics" Baumgaertner and Quaas (2010) neglect the central concept of environmental economics-"environmental externality". This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition, attention is asked for other aspects of "sustainability economics", namely the distinction weak/strong sustainability, spatial sustainability and sustainable trade, distinctive sustainability policy, and the ideas of early "sustainability economists". I argue that both sustainability and externalities reflect a systems perspective and propose that effective sustainability solutions require that more attention is given to system feedbacks, notably other-regarding preferences and social interactions, and energy and environmental rebound. The case of climate change and policy is used to illustrate particular statements. As a conclusion, a list of 20 insights and suggestions for research is offered.
Author	van den Bergh, Jeroen C.J.M.
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Snippet	In an effort to develop “sustainability economics” Baumgärtner and Quaas (2010) neglect the central concept of environmental economics–“environmental... In an effort to develop "sustainability economics" Baumgärtner and Quaas (2010) neglect the central concept of environmental economics-"environmental... In an effort to develop "sustainability economics" Baumgaertner and Quaas (2010) neglect the central concept of environmental economics-"environmental... In an effort to develop ''sustainability economics'' Baumgartner and Quaas (2010) neglect the central concept of environmental economics-''environmental...
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SubjectTerms	Climate change Climate change Dynamic externalities Rebound Spatial sustainability Resilience Steady-state economy Strong Conceptualization Dynamic externalities Environmental economics Externalities Rebound Resilience Spatial sustainability Steady-state economy Strong/weak sustainability Sustainability Sustainability policy Systems thinking weak sustainability Sustainability policy Systems thinking
Title	Externality or sustainability economics?
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