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Towards a more inclusive and precautionary indicator of global sustainability

Pezzey, John C. V.; Burke, Paul J.


We construct a hybrid, economic indicator of the sustainability of global well-being, which is more inclusive than existing indicators and incorporates an environmentally pessimistic, physical constraint on global warming. Our methodology extends the World Bank's Adjusted Net Saving (ANS) indicator to include the cost of population growth, the benefit of technical progress, and a much higher, precautionary cost of current CO2 emissions. Future warming damage is so highly unknowable that valuing...[Show more]

CollectionsANU Research Publications
Date published: 2014-08-14
Type: Journal article
Source: Ecological Economics
DOI: 10.1016/j.ecolecon.2014.07.008


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