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Environmental credit crunch
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Environmental credit crunch : ウィキペディア英語版
Environmental credit crunch

The term environmental credit crunch refers to a crisis (which may be economic in origin) which exposes humanity's inability to indefinitely consume finite natural resources in order to sustain economic activity and a standard of living.〔"From Red to Green", Donovan and Hudson, Earthscan, 2011, introduction. http://www.amazon.co.uk/Red-Green-Paul-Donovan/dp/1849714142/ref=sr_1_1?ie=UTF8&qid=1309699674&sr=8-1〕 The term is often juxtaposed with the financial credit crunch of 2008.
== The concept of credit in an environmental sense ==

Credit allows a borrower to increase today’s standard of living at the expense of some future standard of living. Thus in financial terms, credit allows a consumer to spend a large amount of money today (raising their standard of living) while reducing their disposable income as the debt is repaid (lowering their future standard of living relative to its potential). In environmental terms, credit can be thought of as raising today’s standard of living through the consumption of finite resources (like oil). This action will lower the future standard of living, as future consumers will be denied to opportunity to consume.
A credit crunch occurs when the act of using credit is no longer possible, normally as a result of a significant exogenous shock. A financial credit crunch is normally the result of a sharp decline in the willingness of banks of financial markets to lend money. In environmental terms, the credit crunch comes about as finite resources are depleted significantly.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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