Nine planetary boundaries have been proposed, capturing essential biophysical processes that sustain the Earth System and its biosphere in an accommodating state for humanity. Drawing on economics literature, we propose conditions under which remaining within these boundaries is in line with economic policy.
We assert that pervasive uncertainties combined with impacts of trespassing planetary boundaries clearly legitimate using safe minimum standards or precautionary approaches. Moreover, information about the risk structure of these processes, including potential large-scale regime shifts, could help refine policies for how to relate to the zones of uncertainty of the boundaries.
Planetary boundaries may be interpreted as "growth within limits" especially in relation to the biophysical expansion of the human dimension. Here, we picture them as warning signs creating incentives for shifting development into new directions, new pathways, where growt in human well-being is the focus rather than growth in GDP.
In this sense, we reiterate the framework of ecological economics of sustainable scale (i.e., developing within planetary boundaries), efficient allocation, and fair distribution, and emphasize the need for "biosphere
economics" to help navigate globalization within the capacity of the biosphere as the complex adaptive system it truly is.
Research news | 2018-03-22
As ocean temperatures rise globally, all eyes are on the Arctic’s unexploited region. But several issues must be considered before diving into unchartered fishing territory
Research news | 2018-03-20
A final reply to Montoya et. al's criticism of the planetary boundaries framework
General news | 2018-03-19
In 2017, we surpassed one thousand published articles in peer-reviewed journals and we hosted the fourth international conference on resilience and sustainability science. Another year to be proud of, we think
Research news | 2018-03-14
Amid an increase in megacities, changes in ecosystems far away can affect local access to freshwater
Research news | 2018-03-12
Ten essentials for guiding action-oriented research on energy transformation and climate change
Research news | 2018-03-09
To celebrate International Women’s Day, we have been highlighting some of our women researchers at the centre. In our final profile this week, we showcase associate professor Beatrice Crona, whose work spans from small-scale fisheries governance to global drivers of change.