LIMITS TO GROWTH & OVERSHOOT
Any reference to GDP growth actually describes the exponential rise of the five processes of global economy namely:
Extraction
Production
Distribution
Consumption
Excretion
which cumulatively (in material & energy terms) can also refer to economic throughput (TP)
What leads to OVERSHOOT OR BIOSPHERIC COLLAPSE?
TP > the replenishment rate of Renewable Resources (RR) or the Bio-capacity
TP > the depletion rate of the Non-renewable Resources (NRR) &
TP > the absorption rate of the Ecosystems (or assimilation capacity)
To avoid Overshoot the TP of the global economy must always within the ‘safe limits’ (sustainability limits) as shown in graph (B)
LIMITS TO GROWTH & OVERSHOOT
Any reference to GDP growth actually describes the exponential rise of the five processes of global economy namely:
Extraction
Production
Distribution
Consumption
Excretion
which cumulatively (in material & energy terms) can also refer to economic throughput (TP)
What leads to OVERSHOOT OR BIOSPHERIC COLLAPSE?
TP > the replenishment rate of Renewable Resources (RR) or the Bio-capacity
TP > the depletion rate of the Non-renewable Resources (NRR) &
TP > the absorption rate of the Ecosystems (or assimilation capacity)
To avoid Overshoot the TP of the global economy must always within the ‘safe limits’ (sustainability limits) as shown in graph (B)