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Steven Cohen

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The Transition to a Sustainable Economy May Happen Without the U.S. Federal Government

Posted: 06/25/2012 9:33 am

I am always amazed by the way some people manage to deny facts and then somehow get attention and even a measure of legitimacy for their bizarre views. People that deny the Holocaust have obviously never sat on a beach in Brooklyn in the 1960s and seen the purple numbers tattooed on the arms of old people who had survived that horrific disaster. People who deny the facts of climate change seem to have a similar sketchy relationship with factual reality. Forgetting about the specifics, does anyone seriously think that doubling the human population over the last half-century had no lasting impact on the earth's natural systems? If you think that automobiles don't pollute the air, stand behind the tail pipe of an idling car for an hour and let me know how you feel.

Here at Columbia University's Earth Institute we have over 100 people with doctorates studying every aspect of the climate problem. Wally Broecker, Mark Cane, Jim Hansen and scores of their colleagues have been working on these issues for decades. While the factual reality of their research seems to elude Mitt Romney and his politico pals these days, facts remain facts. It would be helpful if American national public policy and our elected officials could play a leadership role in moving the planet to a more sustainable path, but it has become clear that we will need to look elsewhere to address these issues.

The sustainability problem is fairly simple, and with or without the U.S. government, we will be working on it over the coming decades. The sustainability problem was created when we built our economic well-being on the use of finite resources that will eventually become too scarce and too expensive to rely on. Principal among these resources are fossil fuels. Even if they did not cause global warming, they would eventually get too expensive to burn and we would need to find another way to power our economy.

Another element of the problem is that the modern life built on these non-renewable resources is seductive and addictive. We like living this way, and no one is about to turn off the lights or stop charging their smart phone. For political leaders wishing to gain or maintain power, the delivery of a robust economy is non optional. Moreover, the reduction of economic opportunity and the elimination of modern conveniences would lead to immense levels of social conflict and political instability. So, sustainability requires that we sustain our planet and also sustain our way of life. There is a good reason that economy is at the center of American political life. ("It's the economy, stupid!")

Economic consumption will change in the sustainable and renewable resource-based economy, but it will not be reduced. In fact, the size of the sustainable but high throughput economy that we must develop will be larger than today's economy. We need to accommodate another three billion people and ensure that the planet's steady state population of 10 billion is fed, housed, clothed and productively employed. That will require a larger economy, not a smaller one. But it will be an economy that carefully manages finite resources, waste and environmental impacts. It will be an economy based on renewable and re-usable resources that are sustainably managed.

While the U.S. federal government is incapable of leadership, many other national governments, municipal governments and nongovernmental organizations have already begun to move on the sustainability agenda. Here in New York, our own Mayor Mike Bloomberg is a leader in the growing movement for urban sustainability. Beyond the work of government, ambitious professionals and entrepreneurial firms are also working in this area. Last week, I experienced two examples of the nongovernmental sector taking a leadership role in sustainability.

On Thursday morning, I attended a breakfast sponsored by Kohlberg Kravis Roberts (KKR), a leading global investment firm, where they released their second Environmental, Social, and Governance (ESG) Report. A letter from the company's founders and co-CEOs George Roberts and Henry Kravis makes it clear that these guys are not only interested in the PR value of going green, but believe that sound, high quality investment requires long-term thinking and active consideration of the factors central to global sustainability:

"...In this volatile environment, our commitment to responsible investment -- the consideration of environmental, social, and governance (ESG) issues in our investment and private equity management processes -- is even more critical. As smart investors, we work to understand all of the performance drivers, both inside and outside the business, of the companies in which we invest... Our Green Portfolio Program continued to highlight how our portfolio companies create value through environmental initiatives. In addition to avoiding more than 800,000 metric tons of greenhouse gas emissions and 300 million liters of water use, the results showed that these initiatives contributed more than $365 million in cost savings or added revenue for participating portfolio companies."

While this field is still in its infancy, KKR's effort is impressive and realistic. They are convinced that waste reduction, more efficient use of raw materials and lowering the cost of energy can help a company make money. Moreover, businesses that sell sustainability services are starting to find increased demand for their services. When major investment firms like KKR begin to absorb sustainability factors into their investment strategies, it is clear that we are entering a new economic paradigm.

The second example of sustainability progress came from my own employer, Columbia University. In recognition of the need for trained sustainability professionals, the Earth Institute is partnering with Columbia's School of International and Public Affairs' Executive MPA program to field a new concentration in environmental policy and sustainability management. The university is also continuing to offer its now 11-year old MPA in Environmental Science and Policy. Last month, 70 students began their studies in this program. Additionally, the Earth Institute and School of Continuing Education is about to start the third year of its Masters of Science in Sustainability Management.

But the really exciting news from last week is that Columbia approved the launch of a new graduate level certificate program in Sustainability Analytics. The new certificate requires four graduate courses on the identification, measurement, analysis, and reporting of sustainability indicators. Over the past year, Earth Institute faculty have developed a set of new courses in Sustainability Metrics, Energy Efficiency Analysis, Green Accounting and Life Cycle Analysis. We are finding that the number of sustainability professionals is growing rapidly, but some do not have the time to study for a full master's degree. While they are unwilling to commit to an entire degree, these folks are eager to enroll in a course or two at night for a couple of years, and learn the latest techniques of sustainability analytics and sustainability management. The new certificate is designed to meet their needs.

While it is disheartening to see the federal cutbacks in environmental science research and the absence of federal sustainability policy, one needn't travel too far from D.C. to see a very different picture. Kohlberg Kravis Roberts, New York Mayor Michael Bloomberg, Columbia University and hundreds of enthusiastic students in our classrooms think sustainability is serious business. They know that the planet is under stress and the path to a prosperous future is to make the transition to a sustainable economy. The planet Earth is truly the gift that can keep on giving. The transition to a renewable, sustainable economy is underway; maybe not in Washington, but pretty much everywhere else.

 

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01:46 PM on 07/30/2012
It is somewhat naive to believe that we are on our well on our way to a sustainable economy, no matter how much many of us strive towards it. Fact of the matter is, our government and the majority of our population are still driven by money and what's the quickest way to making it. And if it isn't money it is the fact that they don't "have the time" or genuinely care to do their part in achieving a more sustainable and healthier economy and way of life. We need to be able to convince the masses that with out everyones help we will not be able to continue our way of lives forever without serious consequences. And I think that with out the governments support it will be very difficult to do.
10:32 AM on 06/29/2012
It may be misleading to say that the size of the sustainable economy will be greater than that of today--that is a normative statement rather than a logical conclusion, since it assumes that individual-level consumption will remain similar to today's US standard. Many of us think that a shift toward degrowth in the overdeveloped Global North is the missing ingredient in reaching global sustainability.
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rodjard
I Update my brain frequently
01:02 AM on 06/27/2012
The excuse for not making hydrogen gas from water has previously has
been that it takes more energy to split the water than can be generated
from the hydrogen.
Splitting it with solar energy eliminates that problem. What is the excuse now?
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rodjard
I Update my brain frequently
12:58 AM on 06/27/2012
That 'Ol' Lazy Mississippi actually moves pretty fast and has a pretty strong current;
Yet many rafts and boats navegate it safely for many years.
Can someone explain to me why there are not rafts equiped with water driven prop
generators producing megawatts of power wired and working on it rigt now?
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rodjard
I Update my brain frequently
12:43 AM on 06/27/2012
'In the Lime Light' is a phraise that needs to be fully studied and understood by more people.
Prior to the invention of electric spotlights, Hyderogen/Oxygen gas made from splitting the
water molecule was used in a torch to heat lime to a bright light that was then focused on the
stage through magnifying lenses. This was also the source of light for lighthouses that could
be seen miles out to sea.
This gas could be managed then and it can be managed now. Excuses are quickly running
out for not doing so.
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rodjard
I Update my brain frequently
12:22 AM on 06/27/2012
The oil, cal and nuclear influence over the U. S. energy policies have been
an impediment to progress of clean sustainainable energy sources.
It might take the rest of the world just leaving them out and persuing solutions
to these problems.
I have often wondered why other nations do not solve many problems without
our big noses stuck in their business.I am glad to finally see it happening for all our sake.
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HUFFPOST SUPER USER
Jmaximus Spartacus
08:25 AM on 06/26/2012
Unless citizens united is overturned there is zero chance of the fed gov doing the right thing. In fact you can count on them doing everything they can to block progress. If we would have only stayed on the path Jimmy Carter set us on back in the 1970's America would be a far better place right now, however 3 decades of purposeful neglect is hard to overcome.
12:27 AM on 06/26/2012
Check out the resource based economy via the Venus Project and the Zeitgeist Movement.

you can google them.
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HUFFPOST SUPER USER
Linus521
In wildness is the salvation of mankind
01:59 PM on 06/25/2012
Good article. I've used, pull your car into the garage and shut the door and see what happens! No wonder asthma is so prevalent in our society. When I was first diagnosed with asthma, the first question the doctor posed was, "Does car exhaust bother your lungs!"

We hear much about the sustainability of our natural resources. Our natural and wild earthly ecosystems or wild, natural landscapes and their native species of plants and animals create Earth's ecosystems or plant and animal biodiversity. Even more vital than our natural resources, ecosystems supply mankind with all of his natural, life giving and supporting cycles, functions and services, referred to as , "life-supporting services."

Forty-three percent of our terrestrial ecosystems have become cities, car washes, shopping malls, parking lots and cornfields. Many scientists are far more concerned with land-use changes than climate change. In reality, they are interconnected. My concern is, several states are killing ecosystems for dead fields of solar panels and biodiversity butchering windmills. With all of man's bulldozing, chain sawing and construction processes, he destroys ecosystems, regardless.

Sustainability begins with the conservation and salvation of Earth's ecosystems, not only for natural resources but for oxygen, the gaseous composition of the atmosphere, natural climate regulation and moderation, the sequestration of those climate warming gases, the vital nitrogen cycle, the creation of the life zone of Earth or the biosphere/ecosphere or life, to list just a few of these services.
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rodjard
I Update my brain frequently
01:38 AM on 06/27/2012
As long as our energy policies are influenced anc controlled by megacorporations
based only on their next quarter profit returns and a greater interest taken in
discovering life on Mars than maintaining it on Earth their will sadly be no solution
before it is too late for a solution to make a difference.
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HUFFPOST SUPER USER
Linus521
In wildness is the salvation of mankind
12:41 PM on 06/27/2012
I love your, "a greater interest taken in discovering life on Mars than maintaining it on Earth..."

I worry the real problem is, most don't realize what maintains life on Earth. If they did, we would be hearing alot more about the ecology of our Earth! f'd
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Robert SF
01:15 PM on 06/25/2012
There will be no transition to a sustainable economy. Easter Islanders didn't manage it, and we won't either. We face the same tragedy of the commons that others have unsuccessfully faced. Whether it's a pasture land or fishing grounds, individuals using them are fully aware that they are dwindling as they use them. But at the individual level, that only triggers a greater demand for the common before "it's all gone," and "someone else takes it." These are actual quotes from fishermen asked why they continued to fish when it was obvious fish stocks were declining. This works at the national level too. Why would individual countries cut their own use of resources? Why would they be the chumps?
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Linus521
In wildness is the salvation of mankind
02:12 PM on 06/25/2012
The tragedy and man's extinction on Easter Island began with deforestation of the island's forested ecosystems. To-date, man has destroyed 43 to one half of Earth and man's terrestrial ecosystems. The islanders destroyed their forests to build and transport their heavy idols. Rats were introduced to the islands, and when the forest attempted its second growth, the rats ate them. Without the forests, they had no wood to build sea vessels so they could fish. Sea birds and eggs rimmed the islands on rock rookeries, but the rats killed them too.

One ecosystem service is soil creation and renewal, which the forests' trees provided. Without the tree cover, the soil was exposed to the heat of the sun, changing the soil's life producing and health. Without quality soil, they could grow no foods.

When we discuss sustainability, Easter Island is a microcosm of our Earth.
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Robert SF
03:11 PM on 06/25/2012
Indeed, and the same thing can happen here. As resources shrink, prices increase. As prices increase, consumer demand drops. As consumer demand drops, the business sector consolidates. That won't necessarily mean less profit; the surviving companies very well might be even more profitable than they were before because they have grown through acquisition. But it will mean a smaller consumer world.

And as this process continues, business and consumer continue to shrink as more companies go out of business and more consumers become ragpickers and bottle-recyclers.
10:52 AM on 06/25/2012
Sustainability comes only from a checked and balanced system.
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Linus521
In wildness is the salvation of mankind
02:40 PM on 06/25/2012
Right! You are ecologically literate. Ecosystems or the natural and wild surface of the Earth are the eco-nomy of life itself aboard our Earth.

"In wildness is the salvation of the Earth and the preservation of all life...but seldom perceived by man." f'd