Econometrics Allow Us to Value What is Truly Priceless
We can estimate the value of clean air and water directly and indirectly, but all estimations and measurements fall far short of the true value of all of life on Earth.
Defining Sustainability
Sustainability means meeting our needs today without compromising the ability of future generations to meet their needs. We are consuming resources and ecosystem services faster than they can be regenerated, and we are polluting our environment faster than nature can clean, filter, and dilute our waste. We have to change the way we consume, as well as the products we consume. Otherwise, we leave nothing for our offspring.