Presentation on SUSTAINABILITY AND ECONOMIC DEVELOPMENT Group 1 1.Shaikh Mahfuz Alam (ASH2109MS101M) 2. Tania Akter (BKH2109MS113F) Outlines • Sustainability & Sustainable Development • Economic development • What is environmental sustainability? • Which SDGs are related to the economic • Why do we need environmental sustainability? • Benefits of environmental sustainability • Sustainable development goals • Policies for environmental sustainability • Conferences on sustainable development. area? • The natural environment and the economy • Relationship between economic growth and the environment • Economic sustainability SUSTAINABILITY & SUSTAINABLE DEVELOPMENT In 1987, The United Nations Brundtland Commission defined sustainability as “Meeting the needs of the present without compromising the ability of future generations to meet their own needs.” The three pillar of sustainability is, • Economic • Social • Environmental Fig 1: Significant three pillars of sustainability WHAT IS ENVIRONMENTAL SUSTAINABILITY? According to the U.N. Environment Programme, Environmental sustainability aims to improve the quality of human life without putting unnecessary strain on the earth's supporting ecosystems. It’s about creating an equilibrium between consumerist human culture and the living world. We can do this by living in a way that doesn’t waste or unnecessarily deplete natural resources. In short, Environmental sustainability is the practice of interacting with the planet responsibly. We do it to avoid depleting natural resources and compromising the future generation’s ability to meet their daily needs. WHY DO WE NEED ENVIRONMENTAL SUSTAINABILITY? Environmental sustainability provides huge benefits for human health and that of all other species. It reduces, • Global carbon footprint • Reduces our reliance on fossil fuels • Other harmful energy practices. Sustainable development encourages more responsible manufacturing and production, covering the industrial side of waste and pollution. It also encourages companies, industries, and governments to make decisions based on long-term consequences, rather than taking the easiest, cheapest option. Environmental sustainability prevents nature from being used as an inexhaustible source of resources and ensures it’s protection and efficient natural resource allocation. • • • • Environmental conservation Investment in renewable energies Saving water Protection of bio-diversity BENEFITS OF ENVIRONMENTAL SUSTAINABILITY? The benefits of environmental sustainability are, • • • • • We can protect ecosystems We can continue to enjoy nature as it is We can protect endangered species Less pollution in the cities will result in better respiratory health for all It could halt or reverse the effects of global warming For businesses, the benefits are: • • • • • • Reduce energy usage and thus save money Produce less waste It can produce less pollution Improve brand image Attract and keep better quality investors, employees, and shareholders We can rest easy at night knowing we’re not damaging the planet for future generations SUSTAINABLE DEVELOPMENT GOALS The sustainable development goals (sdgs) or global goals are a collection of 17 interlinked global goals designed to be a "shared blueprint for peace and prosperity for people and the planet, now and into the future“. The sdgs were set up in 2015 by the united nations general assembly (UN-GA) and are intended to be achieved by 2030. They are called the 2030 agenda. Among the 17 sdgs, 8 points are related to the environmental area and they are, Goal 06: Clean water and sanitation Goal 07: Affordable and clean energy Goal 10: Reduced inequality Goal 11: Sustainable cities and communities Goal 12: Responsible consumption and production Goal 13: Climate action Goal 14: Life below water Goal 15: Life on land POLICIES FOR ENVIRONMENTAL SUSTAINABILITY Removing distortions Proving property rights Penalty for polluters Regulations of technology use in some industries EIA for public Expenditure Removing impediments to action (counteracting political pressure , improving information, involving local people) Implementation of 3R’s, (This rule is part of the waste hierarchy which is a process used to protect the • Reduce • Reuse • and Recycle environment and conserve resources through a priority approach.) CONFERENCES ON SUSTAINABLE DEVELOPMENT. History on sustainable development ECONOMIC DEVELOPMENT Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community. Increased access to opportunities created by economic growth for existing and future residents. Development indicators • GDP ( Gross Domestic Product) per capita – growing development population • Modern transportation • GDI (Gender Development Index) • GEM (Gender Empowerment Measure) Economic development has a direct relationship with the environment. Which SDGs are related to the economic area? Goal 1: No poverty Goal 2: Zero Hunger Goal 3: Good health and well-being Goal 4: Quality education Goal 5: Gender equality and women's empowerment Goal 8: Decent work and economic growth Goal 9: Industry, Innovation and Infrastructure Goal 10: Reduced inequality Goal 11: Sustainable cities and communities Goal 12: Responsible consumption and production The natural environment and the economy The natural environment plays an important role in supporting economic activity. It contributes: directly, by providing resources and raw materials such as water, timber and minerals that are required as inputs for the production of goods and services; and indirectly, through services provided by ecosystems including carbon sequestration, water purification, managing flood risks, and nutrient cycling. Environment as Part of the Economic System Continue……….. Natural resources are vital for securing economic growth and development, not just today but for future generations. The relationship between economic growth and the environment is complex. Economic growth raising standards of living and improving quality of life across the world. But it has also resulted in the depletion of natural resources and the degradation of ecosystems. Continue………… For example, the increase in CO2levels in the atmosphere as a result of human activity means that the world is already locked into some climate change, and faces a major challenge to keep global temperature rises to below two degrees. In the context of environmental resources more generally, the Millennium Ecosystem Assessment (2003) found that 15 out of the 24 ecosystems services it examined were being degraded or used unsustainably, and the use and consumption of natural resources such as minerals and metals continues at an increasing pace. Relationship between economic growth and the environment • Environmental Kuznets Curve ECONOMIC SUSTAINABILITY • Economic sustainability refers to practices that support the long-term economic development of a company or nation while also protecting environmental, social, and cultural elements. • Today, economic sustainability is a goal that very few organizations achieve, despite a fairly universal understanding of what types of business practices (e.g., burning of fossil fuels, creating food waste etc.) contribute to climate change. • Economic sustainability is important_ The longevity of the global economy The preservation of human life Unrealized discoveries Thank You ANY QUESTIONS?
