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The precursor step to environmentally sustainable development must be a sustainable design. By definition, design is defined as purpose, planning, or intention that exists or is thought to exist behind an action, fact, or material object. Development utilizes design and executes it, helping areas, cities, or places to advance.
In resource economics, Hartwick's rule defines the amount of investment in produced capital (buildings, roads, knowledge stocks, etc.) that is needed to exactly offset declining stocks of non-renewable resources. This investment is undertaken so that the standard of living does not fall as society moves into the indefinite future.
Circles of Sustainability is a method for understanding and assessing sustainability, and for project management directed towards socially sustainable outcomes. [1] It is intended to handle 'seemingly intractable problems' [2] such as outlined in sustainable development debates. The method is mostly used for cities and urban settlements.
Sustainable development overlaps with the idea of sustainability which is a normative concept. [5] UNESCO formulated a distinction between the two concepts as follows: "Sustainability is often thought of as a long-term goal (i.e. a more sustainable world), while sustainable development refers to the many processes and pathways to achieve it." [6]
One distinction is that sustainability is a general concept, while sustainable development can be a policy or organizing principle. Scholars say sustainability is a broader concept because sustainable development focuses mainly on human well-being. [23] Sustainable development has two linked goals. It aims to meet human development goals.
More generally, circular development is a model of economic, social, and environmental production and consumption that aims to build an autonomous and sustainable society in tune with the issue of environmental resources. [25] The circular economy aims to transform our economy into one that is regenerative.
A key landmark was the Rio Summit in 1992 where the vast majority of nation-states committed themselves to sustainable development. This commitment was demonstrated by the signing of Agenda 21, a global action plan on sustainable development. At its inception, sustainability was interpreted as a requirement to preserve, intact, the environment ...
Sustainable development has become the primary yardstick of improvement for industries and is being integrated into effective government and business strategies. The needs for sustainability measurement include improvement in the operations, benchmarking performances, tracking progress, and evaluating process, among others. [ 12 ]