The document discusses the concept of sustainable development, which refers to meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. Sustainable development aims to balance the interests of present and future generations by maintaining or increasing natural, physical, and human capital assets over time. It also involves the sustainable and equitable use of renewable resources and the conservation of non-renewable resources so they remain available for future generations. The main reasons for pursuing sustainable development are to ensure equal opportunities for all generations to benefit from shared natural resources, prevent short-term growth that depletes resources and harms the environment, and improve living standards and quality of life for both present and future populations.
[18476228 - Organization, Technology and Management in Construction_ an International Journal] Adaptive Reuse_ an Innovative Approach for Generating Sustainable Values for Historic Buildings in Developing Countries
The document discusses the concept of sustainable development, which refers to meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. Sustainable development aims to balance the interests of present and future generations by maintaining or increasing natural, physical, and human capital assets over time. It also involves the sustainable and equitable use of renewable resources and the conservation of non-renewable resources so they remain available for future generations. The main reasons for pursuing sustainable development are to ensure equal opportunities for all generations to benefit from shared natural resources, prevent short-term growth that depletes resources and harms the environment, and improve living standards and quality of life for both present and future populations.
The document discusses the concept of sustainable development, which refers to meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. Sustainable development aims to balance the interests of present and future generations by maintaining or increasing natural, physical, and human capital assets over time. It also involves the sustainable and equitable use of renewable resources and the conservation of non-renewable resources so they remain available for future generations. The main reasons for pursuing sustainable development are to ensure equal opportunities for all generations to benefit from shared natural resources, prevent short-term growth that depletes resources and harms the environment, and improve living standards and quality of life for both present and future populations.
The document discusses the concept of sustainable development, which refers to meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. Sustainable development aims to balance the interests of present and future generations by maintaining or increasing natural, physical, and human capital assets over time. It also involves the sustainable and equitable use of renewable resources and the conservation of non-renewable resources so they remain available for future generations. The main reasons for pursuing sustainable development are to ensure equal opportunities for all generations to benefit from shared natural resources, prevent short-term growth that depletes resources and harms the environment, and improve living standards and quality of life for both present and future populations.
The World Commission of Environment and Development in 1987
brought out the concept of Sustainable Development. Sustainability refers to meeting the needs of present generation without compromising the needs of future generation. Definition: Development that meets the needs of the present generation without compromising the ability of the future generation to meet their own need. It permits the future generation to live as well as the present generation. It ensures the balance between the interest of the present generation and future generation is maintained. It involved both inter generation and intra - generation equity, enabling the present and the future generation to make best use of their potential capabilities. A primary goal of sustainable development is to achieve a reasonable and equitably distributed level of economic well being that can be maintained continually for many human generations. The concept of sustainable development involves sharing of development opportunities between generations, present and future. Sustainable development is sharing development opportunities and not the poverty between present and future generation. Economic development is sustainable if only the stock of overall capital assets remains constant or rises over time.
Important Factors that determine long run
development opportunities
Natural Capital Stock: Natural resources and environment like
quality of air, water and soil, stock of oil etc. Physical Capital: plants, machinery, equipment, infrastructure like power, transport. Human capital: Education, skills, knowledge and technical advancement. Overall capital asset in the sum total of these entire 3 assets. For sustainable development it is essential that the stock of all these overall capital asset remains constant or rises overtime.
Constant stock of natural resources and environmental quality
are taken as the necessary condition for achieving sustainable development. Sustainable Development requires the following conditions: o Renewable natural resources are used in such a manner which does not degrade or diminish their usefulness for future generation. o Non Renewable resources are used such that its availability and accessibility for the future generation is not unnecessarily reduced. These resources should not be wasteful and ruthlessly exploited. Thus sustainable development can be achieved only if there is minimum depletion of natural resources and environment degradation. Thus efforts should be made so as to conserve and improve the environment.
Need for Sustainable Development
The main reasons for sustainable development are as follows:
o Economic development and overall quality of life depend on the stock of natural resources and quality of environment, which is the common heritage for all generation. All generation should have equal opportunities using these resources. To use these resources indiscriminately today means to achieve short term goals at the cost of the future. Economic growth in future is bound to be low. There is ethical compulsion for the present generation to guarantee the future generation opportunities similar to the ones it has enjoyed. o Growth may be consuming its foundation by using resources indiscriminately This shows present generation that the present generation may have achieved economic growth without giving a thought to the future consequences. This is a great concern for the future generation. o Depletion of the natural resources and degradation of the environment should be treated as the cost of the development. These costs should be deducted from the national income to know the growth rate in more realistic terms. Since this was not considered in the past the, past development have been exaggerated.
o Sustainable development is important for improving the
quality of life of the present generation as well. Sustainable development ensures that there is sufficient availability of natural resources for every generation and there is no environmental degradation. Preventing environment degradation may affect the goals of development of the future generation and in turn bring about economic welfare through development. If the benefits of rising income are offset by the cost imposed on health and quality of life by pollution, it cannot be called development.
[18476228 - Organization, Technology and Management in Construction_ an International Journal] Adaptive Reuse_ an Innovative Approach for Generating Sustainable Values for Historic Buildings in Developing Countries