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Date: 2024-08-16 Page is: DBtxt001.php txt00024140

CLIMATE CHANGE
THE MANY IMPORTANT LINKAGES
Mapping these climate change linkages to the TVM management metrics

Original article:

Peter Burgess COMMENTARY

Peter Burgess

Climate change linkages

Mapping these climate change linkages to the TVM management metrics

While the logic of this diagram is sound, it is very difficult to use as a foundational construct or management metrics.

The socio-enviro=economic system has positive progress when the STATE or CAPITAL of the system improves or increases. In conventional financial accounting the measure of progress is the increace in financial capital. In TVM it is the aggregate improvement or increase in ALL the capitals taken together.

Climate is a component of NATURAL CAPITAL, and important in so far as the climate that has been stable for a very long time ... millions of years ... might be poised to change in ways that are very unpredictable and may well prove to be an existential threat to the very survival of mankind.

The RISK of possible climate change MUST be taken into consideration when making decisions and for this there needs to be an apprppriate metric.
Climate change risk is incorporated in the TVM STREAM. What this means is that climate change risk is recognized as a factor that feeds into many of the FLOWS that impact the various STATES.

The text being discussed is available at

and

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