This project assesses the sustainability of investment in various economic sectors, with the aim of minimizing resource use and generation of emissions. The broad development focus of the paper and the potential for the proposed methodology to be applied in many different countries make it a useful methodological contribution to the global sustainability debate. The UK case is taken for illustration purposes, and (given the availability of the necessary data) this methodology could be applied in countries with various economic structures and specialisations. An environmentally extended static 123-sector UK input–output model is used, linking a range of physical flows (domestic extraction, use of water, and emissions of CO2, CH4, NOx) with the economic structure of the UK. A range of environmentally adjusted forward and backward linkage coefficients has been developed, adjusted according to final demand, domestic extraction, publicly supplied and directly abstracted water, and emissions of CO2 and NOx,. The data on the final demand adjusted and environmentally adjusted forward and backward linkage coefficients were used in a multi-criteria decision-aid assessment, employing a Multi-Criteria Decision Aid method in three different sustainability settings. The assessment was constructed in such a way that each sector of the UK economy was assessed by means of a panel of sustainability criteria, maximizing economic effects and minimizing environmental effects. This type of multi-criteria analysis, applied here for the first time, could prove to be a valuable basis for similar studies, especially in the developing world, where trade-offs between economic development and environmental protection have been the subject of considerable debate.
Using the the static input-output model extended by the flows of water and resource use, emissions of CO2 and NOx, solid waste we will establish the key sustainable sectors for your economic system, highlighting the balance between the neo-Keynesian economic push and the reduction of resource use and associated emissions. The results are presented in the graphical way and could be the basis for policy making and targeted promotion of the Green Economy.
Over the course of the past several years Environment Europe is carrying out dynamic macrosustainability assessments of leading countries: USA, China, Brazil, Russia, UK, Germany, Sweden, France, Austria, The Netherlands, Costa Rica, Peru, Indonesia, Thailand, Singapore. Adopting a multi-dimensional approach and looking at economic, environmental and social aspects of sustainable development we will help to establish whether your country or region are developing in a sustainable way. Where are the key unsustainability areas, what could be done to improve the strategic position and which policies could be recommended to address the issues.