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Details around the economic dimension of sustainability are controversial. [1] Scholars have discussed this under the concept of weak and strong sustainability. For example, there will always be tension between the ideas of "welfare and prosperity for all" and environmental conservation, [8] [1] so trade-offs are necessary.
For example, according to weak sustainability, replacing a natural forest with a park or agricultural land can be considered sustainable if the recreational or economic value equal the value of the biodiversity lost and further environmental impact caused. According to strong sustainability, cutting down trees in a natural forest and planting ...
First, mainstream sustainability is a conservative approach on both economic and political terms. Second, progressive sustainability is an economically conservative, yet politically reformist approach. Under this framing, sustainable development is still centered on economic growth, which is deemed compatible with environmental sustainability.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. [ 1 ] [ 2 ] [ 3 ] It is closely related with ecological economics , but has a more politically applied focus.
There are many synonyms or similar terms in use for low-carbon economy which stress different aspects of the concept, for example: green economy, sustainable economy, carbon-neutral economy, low-emissions economy, climate-friendly economy, decarbonised economy. The term carbon in low-carbon economy is short hand for all greenhouse gases.
Sustainability is a social goal for individuals to co-exist on the Earth including economic, social, and environmental deminsions. A Sustainable industry would allow for growth in all three deminsions while maintaining the quality of the environment and countering major environmental issues.
For example, the benefits from the introduction of new crops may not be sustained if the constraints to marketing the crops are not resolved. Similarly, economic, as distinct from financial, sustainability may be at risk if the end users continue to depend on heavily subsidized activities and inputs. Ecological sustainability. Are the benefits ...
A sustainable business, or a green business, is an enterprise with (or aims to have) a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy. This business attempts to meet the triple bottom line.