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TARGET issues Economic & Environmental SustainabilitySustainability issues can be understood as distributional issues over generations. We will attempt to nd evidence-based, prac-tical answers to the question on how we can maximize our welfare at present time without sacrificing the welfare of future generations. Climate change is a difcult challenge we face now. Higher temperatures and volatile precipitation patterns are increasingly af-fecting the lives of the people on our plan-et. Climate change has been caused by human activities so adaptation of climate change as well as mitigation of greenhouse gases is urgently required. The continuing delay in mitigation efforts will only lead to the creation of burdens for future genera-tions. Adaptation of climate change can only be done on a local level while global efforts are needed to reduce greenhouse gas emissions. We have observed numerous ef-forts in the local, national and internation-al levels, but we still need innovative so-cial institutions and policies that can pre-vent the further deterioration of the quali-ty of life of future generations. Energy security is another challenge. For sustainability in economic activities, the use of renewable resources such as solar, wind, geothermal and biomass resources is desir-able as the use of exhaustible resources for energy is not a sustainable option in the long-run. At present, relatively high nan-cial cost discourages the use of renewable resources. Therefore, we certainly need re-search and development efforts for tech-nological innovations as well as social inno-vations that will help us to overcome the challenges in energy security. ideal CAREERS We expect our graduates to be able to make their own assessment of institutions and policies using the tools obtained in the classroom and in the field. This skill will be useful in public services and private businesses sectors. In order to pursue an advanced degree in public policy, including environmental studies or in a discipline like economics, certain skills are necessary. So the training provided in this field will be good preparation for further studies.APPROACH to Study We academically approach the subject of sustainability from three perspectives: so-cial, economic and environmental. We par-ticularly seek to understand the conditions in which institutions and policies can best contribute to social, economic and envi-ronmental sustainability. So social innova-tions in institutions and policies are a must. What can we learn from our previous and pleasant experiences in social, economic and environmental sustainability? History has proven that the Soviet-type social and economic systems were not sustainable. The present value of the future stream of economic benets must exceed the present value of the future stream of economic costs for economic institutions and policies to be accepted by the population in the long-run. Social and economic develop-ment was not feasible without environ-mental sustainability. In the classroom and on the field, students will actively learn lessons from previous mistakes and suc-cessful cases. We will also discuss what so-cial innovations are useful for our chal-lenges in social, economic and environ-mental sustainability. Learning analytical tools is also important. Economics, for example, provides analytical instruments that allow us to obtain poten-tial solutions and derive policy implications for social, economic and environmental sustainability. We will also be studying methodologies to value environmental as-sets which do not have markets to trade and will examine tools used in cost-benet analyses. Similarly, we will discuss social, economic and environmental sustainability from the perspectives of political science, international relations, business adminis-tration, law, sociology, and science and en-gineering.■Sample course list・Global Food Security: Demand & Supply Challenges・Comparative Economic Systems・Environment and Development・Sustainability in Social Systems・Industrialization in Historical PerspectiveVOICE of Alumni With great passion in environmental and sustainability issues, studying at SSS not only helped me acquire basic knowledge on relevant topics, but also encour-aged me to develop my own research with regard to some growing topics in the eld of sustainability, such as ESG and CSR. Beneting from the valuable knowl-edge background and research skills gained from SSS, I have achieved a board-er view in both academic research and daily work which links sustainability, so-cial development and responsible investment together. I am so glad to see SSS is always at the forefront of academia by providing sustainability related courses.Lingyue ZUO (2015 former English program Graduate)Project Manager on sustain-ability analysisEvalueserve Business Con-sulting (Shanghai)Human activities have caused climate changeFIELD 03:ECONOMIC & ENVIRONMENTAL SUSTAINABILITY10

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