Sustainable development and economic growth can be compatible when pursued together with a focus on resource efficiency, clean technologies, and responsible business practices. Addressing environmental change is essential for achieving sustainable development by implementing measures that mitigate environmental degradation and promote ecosystem resilience.
Growth counteracts sustainability through greater resource consumption. The global “material footprint” that is, the raw materials used to make the goods that we consume rises in correlation with GDP growth. Economic sustainable development is balanced economic growth, free of indebtedness and over-consumption of factors of production, and activities that take into account the carrying capacity of the environment and future generations. Sustainable development is essential because stocks of natural resources are limited. Natural resources are exhausted by humans for economic development. In an economic growth, the damage is being caused to the environment and ecology, which ultimately will create insecurity for human beings. Sustainable development is important for ensuring that our society does not run out of resources that are vital for our survival. By undertaking processes that promote sustainable development, human civilization can survive for many years while utilizing resources. Natural resources are the basic condition for development; human resources are the basic condition for sustainable development. Development in connection with the environment is oriented toward exploitation and reclamation, whereas sustainable development is oriented toward conservation and reasonable usage. Sustainable development aims at promoting the kind of development that minimizes environmental problems and meets the needs of the present generation without compromising the ability of the future generation to meet their own needs. Firstly, they are both factors that impact society and the environment. Climate change is presently a major, global issue that impacts the environment and society in several ways and sustainable development aims to reduce the impacts of climate change that affect the environment and society. Natural resources are the basic condition for development; human resources are the basic condition for sustainable development. Development in connection with the environment is oriented toward exploitation and reclamation, whereas sustainable development is oriented toward conservation and reasonable usage. Thus, economic management impacts on the environment and the environmental quality impacts on the efficient working of the economy. Environmental degradation imposes costs on the economy which results in output and human capital losses. Sustainable development is implemented when society consumes renewable (air, water, landscapes, biota) and nonrenewable (combustible, ore, and other minerals) natural resources of the Earth. Economic sustainability is all about giving people what they want without compromising the quality of life, especially in the developing world. Environmental sustainability: It is the process of meeting the needs of air, food, water, and shelter as well as ensuring that the environment is neither affected nor polluted. Sustainable development is about engaging the world's educational systems to work for a more sustainable future. We can shortly say that sustainability is thought of as a long-term goal while sustainable development refers to the many processes and pathways to achieve it.
Dr. Rk Naresh, you point out that economic growth often leads to increased consumption of resources, which can harm the environment. This is very important to note. Sustainable development seeks to balance economic growth with environmental considerations and the well-being of future generations.
Your speech effectively highlights the key principles and considerations of sustainable development, such as resource conservation, environmental protection, societal well-being as well as the interdependence of economic and environmental factors. You also underline the importance of transitioning to sustainable practices to ensure a prosperous and resilient future for humanity and the planet.
I agree with Emmanuel N'dri that growth counteracts sustainability through greater resource consumption. The global “material footprint” that is, the raw materials used to make the goods that we consume rise in correlation with GDP growth. Economic sustainable development is balanced economic growth, free of indebtedness and over-consumption of factors of production, and activities that take into account the carrying capacity of the environment and future generations. Sustainable development is essential because stocks of natural resources are limited. Natural resources are exhausted by humans for economic development. In an economic growth, the damage is being caused to the environment and ecology, which ultimately will create insecurity for human beings. Sustainable development is important for ensuring that our society does not run out of resources that are vital for our survival. By undertaking processes that promote sustainable development, human civilization can survive for many years while utilizing resources. The 17 sustainable development goals are no poverty; zero hunger; good health and well-being; quality education; gender equality; clean water and sanitation; affordable and clean energy; decent work and economic growth; industry, innovation and infrastructure; reduced inequalities; sustainable cities and communities. Recently, the global Sustainable Development Report, 2022 was released. India was ranked 121 out of the 163 countries. It was ranked 117 in 2020 and 120 in 2021. Earlier, in February 2022, the Prime Minister addressed the Energy and Resources Institute's (TERI) World Sustainable Development Summit.The 2021 Sustainability report indicates that the COVID-19 pandemic is a setback for sustainable development everywhere. For the first time since the adoption of the SDGs in 2015, the global average SDG Index score for 2020 has decreased from the previous year. Governments play a key role in achieving the development goals and targets through, for instance, setting and implementing water quality policy frameworks and standards, and regulating the discharge of pollutants into the environment, and wastewater management, recycling and reuse. The government takes responsibility for the social and economic development of the country. The government through the lows, programs, plans, and strategies oriented people to choose the tools in economy's branches and to walk in sustainable development without afraid for the future. The environment is a huge element linked to climate change due to the impact climate change has on the environment. This means that environmental sustainability is crucial in reducing the impacts of climate change. Environmental sustainability focuses on sustainability within the natural environment. Natural resources are the basic condition for development; human resources are the basic condition for sustainable development. Development in connection with the environment is oriented toward exploitation and reclamation, whereas sustainable development is oriented toward conservation and reasonable usage. Environmental degradation is the main factor reducing sustainability. This chapter introduces the environmental degradation processes and their relationships to environmental sustainability. Sustainable development and environmental management depends on human activity. When the environment is properly handled in man's endeavor to attain his needs, the ecosystem is maintained thus sustainable development.