Ecoflation

Ecoflation (a portmanteau of "ecological" and "inflation") is a future scenario in "Rattling Supply Chains", a research report by the World Resources Institute and A.T. Kearney, released in November 2008¹. It is characterized by natural resources becoming scarcer and sustainability issues become more pressing, leading to an increase in the price of commodities. The effects of the increase in the price of commodities are felt by corporations suffering environmental costs being added to their usual cost of doing business. The concept of ecoflation focuses on having environmental externalities of business be the burden of the organization/business responsible, rather than costs being allocated to the general public. Ecoflation represents more accurate pricing of the true costs associated with business actions. The concepts also emphasized the necessity of businesses to be creative and innovative in order to adapt their business models and supply chains to remain competitive on the market. The idea is that the more a business integrates sustainability in their core business principle, the more success they will have.

Ecoflation (a portmanteau of "ecological" and "inflation") is a future scenario in "Rattling Supply Chains", a research report by the World Resources Institute and A.T. Kearney, released in November 2008. It is characterized by natural resources becoming scarcer and sustainability issues become more pressing, leading to an increase in the price of commodities. The effects of the increase in the price of commodities are felt by corporations suffering environmental costs being added to their usual cost of doing business. The concept of ecoflation focuses on having environmental externalities of business be the burden of the organization/business responsible, rather than costs being allocated to the general public. Ecoflation represents more accurate pricing of the true costs associated with business actions. The concepts also emphasized the necessity of businesses to be creative and innovative in order to adapt their business models and supply chains to remain competitive on the market. The idea is that the more a business integrates sustainability in their core business principle, the more success they will have. ==See also== Economic impacts of climate change Sustainability Inflation accounting Effects of climate change Resource depletion ==References==

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