The Emergence of a Biosphere Economy
Almost 200 years ago, Thomas Newcomen built the world’s first commercially successful steam engine in order to pump water out of deep coal mines. In the process, he handed humanity the keys to the Earth’s fossil-fuel resources, an event which, in turn, helped fuel the Industrial Revolution. Ever since that moment, the natural world has been in retreat, equally undervalued by economists, accountants, engineers and politicians. Now, however, a new revolution is under way. Once again, it is ignited by resource constraints, but this time a small group of innovative economists and accountants is leading the charge, alongside activists, engineers, scientists, business leaders and politicians.