YR 47 Issue 1 2011
Eco studes push for climate change awareness                       
ECONOMICS students from the Faculty of Arts and Letters (Artlets) embarked upon an environmental discussion that tackled the difficulties brought by climate change and its threatening effects to the economic trend worldwide in the 11th Young Economists Convention (YEC) held at the Medicine Auditorium last November 12.

This year’s convention brought together Economics students all over the National Capital Region. With the title “Cross-Sectoral Collaboration for Greener and Sustainable Consumption and Production Processes,” the convention was conducted to “introduce environmentallysound concepts that are consistent with economic growth.”

Artlets Economics professor Ernesto Gonzales discussed a concept in economics that dwells outside the realm of Neo-Classical Doctrine called Critical Natural Capital. This doctrine identifies the non-renewable components of the natural resources and tackles their depletion. “Economists cannot simply say that they can actually profit on mining projects based on their studies,” Gonzales said. “When you study it under the concept of the Neo-Classical Doctrine, it goes full circle as it says it is profitable in terms of market system, practicability, and cost.”

“But how about the degradation of social and natural capital? it is not included but it is the problem,” he said.

He added that at the present rate on how natural resources are depleted, humans now need three earths to be able “to supply the material requirements of the expanding economy of the world.”

Gonzales further said that the climate change phenomenon is no longer a debatable issue but a reality. He cited the recent weather disturbances that devastated Japan, Thailand, and the Philippines, and how the mainstream economy got affected.

He added that the current “climate change typhoon” releases a month-worth of rain in just a span of six hours.

“We need a paradigm shift in the way we think and the way we conceive reality,” Gonzales said. “The way we implement government programs must be based from this new understanding of the present situation and how we respond to it.”

The YEC was made possible through the efforts of the UST Artlets Economics Society and De La Salle University Economics Organization (DLSU-EconOrg) in cooperation with the DLSUAngelo King Institute for Economics and Business Studies.

Other resource speakers include Presidential Adviser for the Environment and former Department of Environment and Natural Resources (DENR) Secretary Eliza Gozun, and DLSU professors Joel Tanchuco and Arlene Inocencio.
Year 47 |  Issue 3 |  2011
Year 47 |  Issue 4 |  2012