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Abstract

This paper presents a model of current thinking in sustainable development. The approach to sustainable development consists of: (i) assigning a finite cost to resource depletion; (ii) treating resource preservation as a rigid constraint; (iii) postponing critical decisions for as long as possible, preserving the option set until scientific/technical progress, reduces uncertainty; (iv) promoting scientific and technical progress and an engine of economic growth that will finance substitution across forms of capital where technically feasible.

Additional information

Authors: KYRIAKOU D, JRC Ispra (IT)
Bibliographic Reference: EUR 16297 EN (1995) 28 pp., FS, free of charge
Availability: Available from Joint Research Centre, Public Relations and Publications Unit, I-21020 Ispra (Va.) (IT)
Record Number: 199511278 / Last updated on: 1995-11-23
Category: PUBLICATION
Original language: en
Available languages: en