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Ecological-economic viability as a criterion of strong sustainability under uncertainty
Author
Baumgartner, Stefan
Quaas, Martin F
Publisher
Ecological Economics
Publication Year
2009
Body

Strong sustainability, according to the common definition, requires that different natural and economic capital stocks be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore define strong sustainability under uncertainty in an operational manner we propose to use the concept of viability. Viability means that the different components and functions of a dynamic, stochastic system at any time remain in a domain where the future existence of these components and functions is guaranteed with sufficiently high probability. We develop a unifying and general ecological-economic concept of viability that encompasses the traditional ecological and economic notions of viability as special cases. It provides an operational criterion of strong sustainability under a mild form of uncertainty and for medium spatial and temporal scales. We illustrate this concept and demonstrate its usefulness by applying it to livestock grazing management in semi-arid rangelands.

Language
English
Resource Type
Text
Document Type
Journal Issue/Article
Journal Volume
68
Journal Number
7
Journal Pages
2008-2020
Collection
Southern Africa Collection
Journal Name
Ecological Economics
Keywords
Capital (natural and economic)
Ecological-economic systems
ecosystem services
funds
rangeland management
Stocks
sustainability
uncertainty
viability