Chapter 9 The Sustainability Debate and Accounting

The post industrial revolution era, driven by an expansion of the global energy system (Jaccard, 2006), has witnessed an exponential increase in the consumption of finite and non-renewable resources, coupled with substantial destruction of the natural environment. Weizsacker and Jesinghaus (1992) observed that the consequence of further growth in a conventional sense would not be worldwide prosperity, but rather lead to destruction, putting in jeopardy prosperity and indeed the very basis of life. It follows that the continuance of such economic growth, measured by traditional means is unsustainable and illogical in the long run.