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Explore the principles and practices of sustainable resource management, focusing on the equitable, efficient, and resilient exercise of authority to meet present needs without compromising future generations. Learn about hotelling, recycling, regeneration, governance, and innovative instruments for effective and sustainable resource management.
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Environmental Law & Governance Nirmal Sengupta
exercise of authority (governance) so as to meet the needs of the present without compromising the ability of future generations to meet their own needs
Exhaustible Resources Hotelling (1930) formulation Doomsday Formulations: Club of Rome (1970) - Limits to Growth but - Prices did not increase as much Current stress on human ingenuity new reserves, alternatives, innovation
Exhaustible Resources Recycling Meets sustainability criterion Renewable Resources Regeneration Meets sustainability criterion
Instruments forEfficient & Sustainable management • Command & Control • Community based management • Market based instruments • (e.g. eco-taxes, subsidies, tradable rights) Equity criterion should to be met in addition
Sustainable Resource Management Equtiy, Efficiency, Sustainability + RESILIENCE