jakarta management fraud watch solutions on sustainable development

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  • 7/28/2019 Jakarta Management Fraud Watch Solutions on Sustainable Development

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    Jakarta Management Fraud Watch Solutions

    on Sustainable development in an

    increasingly warming world

  • 7/28/2019 Jakarta Management Fraud Watch Solutions on Sustainable Development

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    Fueled by technological innovations and globalization, in the last two decades

    the worlds economic growth has lifted more than 660 million people out of

    poverty and has raised the income level of millions more.

    However, such growth has too often come at the expense of the environment.

    As the world population has tripled and the global economy expanded tenfold

    over the past 60 years, our demands on planet earth have become excessive.

    We have been cutting forest trees faster than they can regenerate, over-grazing

    rangelands and converting them into deserts, over-pumping aquifers, and

    draining rivers dry.

    On our agricultural lands, soil erosion exceeds new soil formation, gradually

    depriving the soil of its inherent fertility. We have been catching fish from the

    ocean faster than they can reproduce, bringing about over-fishing in most partsof the worlds seas and oceans.

    We have been discharging pollutants into the environment at a greater level than

    its assimilative capacity, resulting in widespread water pollution.

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    We have also been emitting carbon dioxide (CO2) and other greenhouse gases

    (GHGs) into the atmosphere faster than nature can absorb them, creating a

    greenhouse effect and global warming.

    As a corollary of this carbon-fixing deficit, atmospheric CO2 concentration

    climbed from 316 ppm (parts per million) in 1959, when official measurement

    began, to 383 ppm in 2007. Conversion of forests, mangroves, coral reefs and

    other natural ecosystems into man-made ecosystems (e.g. settlements,

    agricultural land, industrial estates and infrastructure) combined with global

    climate change have destroyed plant and animal species far faster than new

    species can evolve, launching the first mass extinction since the one that wiped

    out the dinosaurs 65 million years ago.

    Global warming and its concomitant impacts including rising sea levels,extreme weather, prolonged drought and flooding, heat waves and outbreaks of

    diseases will reduce our earths sustainable capacity to produce food, energy

    and other natural resources as well as to assimilate various wastes.

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    For example, a joint report by the FAO and OECD published recently reveals

    that the growth of global agricultural production is projected to slow in the

    coming decade, from 2.1 percent a year in the last decade to 1.5 percent

    annually from 2013 to 2022.

    In summary, throughout history, humans have lived on the earths sustainable

    yieldthe interest from its natural endowment.

    But since the early 1990s we have been consuming the endowment itself. In

    ecology, as in economics, we can consume principal along with interest in the

    short run, but in the long run it leads to bankruptcy.

    Actually humanitys collective demand first exceeded the earths sustainable

    capacity in 1980, and in 1999 surpassed that capacity by 20 percent (US

    National Academy of Sciences, 2002).

    Continue: crown capital management group

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