Modifying The ISEW And Taking Into Account Energy

The Index of Sustainable Economic Welfare (ISEW) introduced by H. Daly and J. Cobb in 1989, can be used to have comprehensive knowledge of the characteristics of the economic system: in fact, items included in the ISEW allow this accounting method to make a more recognisable picture of reality. This...

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Bibliographic Details
Main Authors: Tiezzi, E B P, Bravi, M, Pulselli, F M
Format: Conference Proceeding
Language:English
Subjects:
Economics
Energy
Fossil fuels
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Summary:The Index of Sustainable Economic Welfare (ISEW) introduced by H. Daly and J. Cobb in 1989, can be used to have comprehensive knowledge of the characteristics of the economic system: in fact, items included in the ISEW allow this accounting method to make a more recognisable picture of reality. This case study presents an analysis of the ISEW calculated for the Province of Siena, Central Italy. The main aim is to quantify significant benefits when policies designed to reduce the use of fossil fuels are applied to the local economy. Discussion focuses on the role of ISEW as an indicator able to evaluate the usefulness of a given energy project/policy.
ISSN:1746-448X
1743-3541
DOI:10.2495/ECO090181