Quantifying Sustainability: Methodology for and Determinants of an Environmental Sustainability Index

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Author(s): Kobi Abayomi (Georgia Institute of Technology, USA), Victor de la Pena (Columbia University, USA), Upmanu Lall (Columbia University, USA)and Marc Levy (CIESIN at Columbia University, USA)
Copyright: 2011
Pages: 16
Source title: Green Finance and Sustainability: Environmentally-Aware Business Models and Technologies
Source Author(s)/Editor(s): Zongwei Luo (University of Hong Kong, Hong Kong)
DOI: 10.4018/978-1-60960-531-5.ch004

Keywords: Business Science Reference / Environment & Agriculture / Global Business / Sustainable Development

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Abstract

This chapter consider new methods of component extraction and identification for the Environmental Sustainability Index (ESI) – an aggregation of environmental variables created as a measure of overall progress towards environmental sustainability. Principally, the authors propose and illustrate a parametric version of Independent Component Analysis via Copulas (CICA). The CICA procedure yields a more coherent picture of the determinants of environmental sustainability.

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Quantifying Sustainability: Methodology for and Determinants of an Environmental Sustainability Index

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