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Lecture 4 Sustainable Development

This document contains a summary of the topic of sustainable development provided by Dr. Shiv Kumar. It defines sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." The summary explores the economics of sustainability and argues that properly designed environmental policies can encourage new technologies. It also discusses how modern economies aim to balance economic development with preserving natural resources for future generations.

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Dipti Bedi
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65 views12 pages

Lecture 4 Sustainable Development

This document contains a summary of the topic of sustainable development provided by Dr. Shiv Kumar. It defines sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." The summary explores the economics of sustainability and argues that properly designed environmental policies can encourage new technologies. It also discusses how modern economies aim to balance economic development with preserving natural resources for future generations.

Uploaded by

Dipti Bedi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Subject: Environmental Studies

Department: BBA/B.Com (H)


Created By : Dr. Shiv Kumar

JIMS Engineering Management Technical Campus


Affiliated to GGSIPU, New Delhi Approved by AICTE, NCTE & BAR Council of India
48/4, Knowledge Park III, Greater Noida

Dr. Shiv Kumar


Subject: Environmental Studies
Topic: Sustainable Development

Dr. Shiv Kumar


Sustainable Development

In 1987, the Brundtland Commission published its report, Our


Common Future, in an effort to link the issues of economic
development and environmental stability.
Definition
“Development that meets the needs of the present without
compromising the ability of future generations to meet their own
needs” (United Nations General Assembly, 1987).

Dr. Shiv Kumar


Continued….

Albeit somewhat vague, this concept of sustainable development


aims to maintain economic advancement and progress while
protecting the long-term value of the environment; it “provides a
framework for the integration of environment policies and
development strategies” (United Nations General Assembly,
1987).

Dr. Shiv Kumar


Continued….

Economics of Sustainability
By utilizing economic tools, early theorists offered that policies to
protect the environment could also promote innovation and turn a
profit.
Michael Porter and Claas van der Linde theorized that pollution is
a sign of inefficient resource use.
Therefore, win-win opportunities for the environment and
economy can be captured through improvements which reduce
pollution in production processes (Porter & van der Linde, 1999).

Dr. Shiv Kumar


Continued….

These authors argue that competitive advantages rely on the


capacity for innovation; thus, “by stimulating innovation, strict
environmental regulations can actually enhance
competitiveness” (Porter & van der Linde, 1995).
As the Porter Hypothesis states, properly designed
environmental policies that make use of market incentives can
encourage the introduction of new technologies and reduce
production waste.

Dr. Shiv Kumar


Continued….

As the Porter Hypothesis states, properly designed environmental


policies that make use of market incentives can encourage the
introduction of new technologies and reduce production waste.
The appreciation of our natural resource constraints is also in our
best interest. Truly rational and “effective governance requires a
nation to consider and protect the environment and natural
resources on which its current and future development depend.
The connections between the environment and development thus
provide a powerful rationale for environmental protection:
enlightened self-interest” (Dernbach J. C., 1998)

Dr. Shiv Kumar


Sustainable development is the organizing principle for
meeting human development goals while simultaneously sustaining 
the ability of natural systems to provide the natural resources
and ecosystem services on which the economy and society depends.

It is also rooted in earlier ideas about sustainable forest


management and twentieth-century environmental concerns.

As the concept developed, it has shifted its focus more towards


the economic development, social development and environmental
protection for future generations.

Dr. Shiv Kumar


Modern economies are endeavoring to reconcile ambitious
economic development and obligations of preserving natural
resources and ecosystems, as the two are usually seen as of
conflicting nature. Instead of holding climate change
commitments and other sustainability measures as a remedy to
economic development, turning and leveraging them into market
opportunities will do greater good.
It has been argued that there is no such thing as a sustainable use
of a non-renewable resource, since any positive rate of
exploitation will eventually lead to the exhaustion of earth's finite
stock

Dr. Shiv Kumar


Scheme of sustainable development: at the confluence of
three constituent parts
Dr. Shiv Kumar
Topic for Next Lecture

Emergence Environmental Issues

Dr. Shiv Kumar


Thank You !!

Dr. Shiv Kumar

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