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Reflections--Defining and Measuring Sustainability

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  • Geoffrey Heal

Abstract

I review the concept of sustainability and the various approaches to quantifying it. My focus is on the role that natural capital plays in supporting human welfare, the extent to which there are substitutes for it in this role, and how this is reflected in sustainability measures. Copyright 2012, Oxford University Press.

Suggested Citation

  • Geoffrey Heal, 2012. "Reflections--Defining and Measuring Sustainability," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 6(1), pages 147-163.
    • Handle: RePEc:oup:renvpo:v:6:y:2012:i:1:p:147-163
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    File URL: http://hdl.handle.net/10.1093/reep/rer023
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    Cited by:

    1. Mingshun Zhang & Yitong Yang & Chun Xia-Bauer, 2021. "Measuring Urban Low-Carbon Sustainability in Four Chinese Cities," Sustainability, MDPI, vol. 13(21), pages 1-15, November.
    2. Muller, Nicholas Z., 2019. "The derivation of discount rates with an augmented measure of income," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 87-101.
    3. Partha Sen, 2020. "Macroeconomics and the Environment: A Selective Survey," CESifo Working Paper Series 8159, CESifo.
    4. Aniela Bălăcescu & Marian Zaharia & Rodica-Manuela Gogonea & Genu Alexandru Căruntu, 2022. "The Image of Sustainability in European Regions Considering the Social Sustainability Index," Sustainability, MDPI, vol. 14(20), pages 1-32, October.
    5. Azad Hassan & Zeenat Kotval-K, 2019. "A Framework for Measuring Urban Sustainability in an Emerging Region: The City of Duhok as a Case Study," Sustainability, MDPI, vol. 11(19), pages 1-20, September.
    6. Greasley, David & Hanley, Nicholas & Kunnas, Jan & McLaughlin, Eoin & Oxley, Les & Warde, Paul, 2013. "Comprehensive investment and future well-being in the USA, 1869-2000," Stirling Economics Discussion Papers 2013-06, University of Stirling, Division of Economics.
    7. Tea Kasradze & Nino Zarnadze, 2019. "Challenges of Economic of Georgia: Good and Bad Economic Growth," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 5, January -.
    8. Geoffrey Heal, 2017. "The Economics of the Climate," Journal of Economic Literature, American Economic Association, vol. 55(3), pages 1046-1063, September.
    9. Larsen, Peter H., 2016. "A method to estimate the costs and benefits of undergrounding electricity transmission and distribution lines," Energy Economics, Elsevier, vol. 60(C), pages 47-61.
    10. Karanfil, Fatih & Pierru, Axel, 2021. "The opportunity cost of domestic oil consumption for an oil exporter: Illustration for Saudi Arabia," Energy Economics, Elsevier, vol. 96(C).
    11. Cairns, Robert D., 2018. "Economic Accounting in the Simple Hotelling Model," Resource and Energy Economics, Elsevier, vol. 51(C), pages 18-27.
    12. Schmalensee, Richard, 2012. "From “Green Growth” to sound policies: An overview," Energy Economics, Elsevier, vol. 34(S1), pages 2-6.
    13. Drupp, Moritz A. & Baumgärtner, Stefan & Meyer, Moritz & Quaas, Martin F. & von Wehrden, Henrik, 2020. "Between Ostrom and Nordhaus: The research landscape of sustainability economics," Ecological Economics, Elsevier, vol. 172(C).
    14. Roumasset, James & Ravago, Majah-Leah & Jandoc, Karl & Arellano, Clarissa, 2016. "Environmental Resources, Shocks, and National Well-Being," MPRA Paper 87715, University Library of Munich, Germany.

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