Distinguish between the concepts of ‘weak sustainability’ and ‘strong sustainability’
Weak Sustainability
Weak sustainability is built on the neoclassical economic approach, which perceives the natural resources as superabundant or substitutable by another kind of capital. Weak sustainability also considers the economic system as a closed and isolated system that can grow infinitely.
The natural capital can be substitutable by other capital forms, and the environmental degradation can be compensated with other economic activities. In this sense, the CO2 market, for example, the degradation resulting from the gas emissions can be compensated by payments and that is sufficient to mitigate the global warming, promote the green __________ _________ _________ ___ ____ ________.
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