Opinion: Environmental sustainability and consumption

One of the politically destructive strands of environmental advocacy criticizes material consumption and attempts to make people feel guilty for air travel and other forms of behavior that pollutes the environment.

Reducing CO₂ emissions by 20% with only a 2% economic loss

A "rapid and far-reaching change" is necessary to prevent catastrophic climate change, according to the Intergovernmental Panel on Climate Change (IPCC). "However, the transformation of the economy towards climate neutrality ...

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Economy

An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area. An economy may also be described as a spatially limited and social network where goods and services are exchanged according to demand and supply between participants by barter or a medium of exchange with a credit or debit value accepted within the network.

A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

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