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Sustainability, the capital approach and the built environment

机译：可持续性，资本方法和建筑环境

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Sustainable development is concerned with how current decisions about how to manage a portfolio of wealth -comprising all of the assets in an economy including natural wealth - have an impact upon future well-being. Contributions to this debate based on the link between asset accounting and indicators of sustainable development are reviewed. This 'capital approach' focuses on wealth accounting and indicators of genuine (or adjusted net) saving, the amount of saving over and above the value of total asset consumption. If the genuine saving rate is negative, it provides an indication that current behaviour is eroding the capital on which its development depends. Such empirical discussion about the sustainability of development paths is typically concerned with assessing whether national economies are sustainable. However, as demonstrated, for example, by Pearce in 2003, these insights and the indicators that follow are also relevant for discussions about the contribution of economic sectors such as construction and the built environment to sustainability. This provides a useful addition to existing approaches (such as those based on a 'triple-bottom line'). The paper concludes with some thoughts about how the capital (or wealth-accounting) approach could be extended to gain further insight into the contribution of the built environment to sustainability.
机译：可持续发展关系到当前有关如何管理财富组合（包括经济体中包括自然财富在内的所有资产）的决策如何影响未来的福祉。审查了基于资产会计与可持续发展指标之间联系的这场辩论的贡献。这种“资本方式”侧重于财富会计和真实（或调整后的）净储蓄指标，即储蓄总额超过总资产消耗价值的指标。如果真正的储蓄率是负数，则表明当前的行为正在侵蚀其发展所依赖的资本。这种关于发展道路可持续性的经验性讨论通常与评估国民经济是否可持续有关。但是，正如皮尔斯（Pearce）在2003年所证明的那样，这些见解和随后的指标也与讨论诸如建筑和建筑环境等经济部门对可持续性的贡献有关。这为现有方法（例如基于“三重底线”的方法）提供了有用的补充。本文最后对如何扩展资本（或财富核算）方法进行了一些思考，以进一步了解建筑环境对可持续性的贡献。

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