Sustainable earth: Nobel laureate, Elinor Ostrom, on how can we manage common-pool resources

How can the common resources we all share be managed sustainably for the good of our planet and the future? Elinor Ostrom, Nobel laureate in Economic Sciences, talks about managing "common pool" resources (CPRs), like forests or fisheries, given that one person's use means less is available for the use of others: "if I take out a ton a fish, that ton of fish is not available to other fishermen". For Ms Ostrom, when people come together to create common property regimes, this can be successful, particularly for the local level. She encourages new multilevel thinking, but is not optimistic about current environmental approaches.

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Edited: 19/02/2021