Sustainable development requires balancing economic and environmental concerns from "summary" of Economics of the Environment by Robert N. Stavins
Sustainable development, a concept that has gained increasing importance in recent years, essentially involves meeting the needs of the present without compromising the ability of future generations to meet their own needs. This requires a delicate balance between economic growth and environmental conservation.
The economic aspect of sustainable development involves ensuring that economic activities are carried out in a way that does not deplete natural resources or harm the environment. This means taking into account the long-term consequences of economic decisions and ensuring that resources are used efficiently and responsibly. At the same time, economic development is necessary to improve living standards and alleviate poverty, which are essential components of sustainable development.
On the other hand, the environmental aspect of sustainable development foc...
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