11855574
Description
Flashcards by Luke Hansford, updated more than 1 year ago
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Created by Luke Hansford
over 6 years ago
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| Question | Answer |
| What is the equation for impact? | Impact = Population * Consumption * Tech factor |
| What is the TBL? | Socio Eco Enviromental OR People Prosperity Planet |
| Challenges of TBL? | Different types of captial (CO2, people, money) Different unit for capital Different time spans Internal and external impacts |
| How can unit normalisation effect the TBL? | Choice of units may paint an inaccurate picture: pollution per unit of profit pollution per 1000 employees May give very different results |
| Define SV? | Sustainable value is an aggregate value of all the 3 TBL factors in one against a chosen benchmark |
| Steps in calculating SV | 1- Calculate efficiency of company resources 2- Calculate efficienct vs benchmark 3- 1-2 4- 3 mulitplied by the amount of resource used to give contribution 5- Calculate SV by summing contributions |
| Factors affecting climate change economics? | Given cost of impacts, urgent action is good economics If delayed 20% of world GDP could consumed by global warming Curbing deforestation by monetising forests is highly cost effective |
| What are some externalities which will effect useage of natures 'free' resources? | Taxes, subsidies and legislation |
| 3 fundamental principles from Stern report? | 1- Pricing of carbon via taxation, trading and regulation 2- Support for innovation of low carbon tech 3- Inform, educate and persuade other what they can do to respond to climate change. |
| What are the implications of sustainable development on new technology and international cooperation? | Global R&D funding Deployment incentives Product standards |
| Government response: Stick response? | Apply carbon tax Trading tax Build cost of carbon into price of product like VAT Impose industry standards like those for aero, auto etc |
| Government response: Carrot response? | Government subsidy for renewable energy and easing of planning approval process Support innovation and development of low carbon tech Inform and educate the public |
| Business responses | Responsible companies have SD principles built into their mission statement SD actions can be directly linked to successful business drivers Risk managment of social and environmental activity is critical for reputaion. Priorities can get blurred if a company is failing for example. |
| How can reputation effect companies? | 60% improvement in reputation = 7% increase in stock value Reputation crisis = 8% decrease in stock value |
| Why is innovation important in terms of SD? | Current rates of SD improvement will not achieve climate goals More innovative initiatives are needed and faster |
| Why dies design play a key role in SD? | 80% of all characteristics, including health, safety and environmental aspects are determined by the end of the design stage. |
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