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A One-Earth Balance Sheet
At the dawn of the nuclear age, Albert Einstein wrote that “a new type of thinking is essential if mankind is to survive and move toward higher levels.” As the world confronts the escalating climate crisis, a new type of thinking is needed once again – and it starts with a new type of accounting.
By Andrew Sheng and Xiao Geng
Last week, the world marked the 51st Earth Day. This year’s theme – “Restore Our Earth” – was apt. As the COVID-19 pandemic has reminded us, the effects of human activity on the planet do not respect borders. The Earth is a single living, self-regulating system, and it demands a single, shared system of accounting that balances at the global level. We need a one-Earth balance sheet.
In 2021 s first quarter, Amazon led the pack by pulling in more than $108.5 billion in revenue. That breaks down to $837,330 per minute during that three-month period.
Amazon topped $100 billion in revenue for the second quarter in a row. Amazon is coming off a blockbuster year, as the pandemic forced people to do even more of their shopping online. Founder Jeff Bezos (who announced he s stepping down as Amazon CEO during the company s last quarterly earnings reveal) has even seen his personal net worth top $200 billion.
Apple followed Amazon in the breakdown of revenue-per-minute, pulling in $691,234 every minute of the first quarter of 2021. The company posted revenue of $89.6 billion for that quarter, with iPhone sales that grew by 65.5% from the same period a year earlier.
Last week, the world marked the 51st Earth Day. This year’s theme – “Restore Our Earth” – was apt. As the COVID-19 pandemic has reminded us, the effects of human activity on the planet do not respect borders. The Earth is a single living, self-regulating system, and it demands a single, shared system of accounting that balances at the global level. We need a one-Earth balance sheet.
In a 1946 telegram, Albert Einstein pleaded for funding to finance the “life-and-death struggle to harness the atom for the benefit of mankind and not for humanity’s destruction,” arguing that a “a new type of thinking is essential if mankind is to survive and move toward higher levels.” The same can be said about the environmental crisis humanity has created. Surviving it, and achieving a better, more sustainable future, requires “a new type of thinking.”