The rate of environmental decline over the past few decades has been alarming, reflecting the relative ineffectiveness of the expanding body of environmental law that has been enacted since the early 1970s. Scholars have analysed the causes for the sub-optimal performance of environmental regulation, and put forward a plethora of explanations. Our scientific understanding of how ecologies interrelate and what critical thresholds exist remains sketchy at best, which hinders the articulation of appropriate regulatory goals. It is also hard to channel the behaviour of citizens for as long as the costs of environmental harm are borne by future generations that are not represented in political and legal processes. Last but not least, disequilibr...