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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]
Weak sustainability is an idea based upon the work of Nobel laureate Robert Solow, [4] [5] [6] and John Hartwick. [7] [8] [9] which states that 'human capital' can substitute 'natural capital'. The weak sustainability paradigm stems from the 1970s.
Something within the human system in preventing change to a sustainable mode of behavior. That system trait is systemic change resistance. Change resistance is also known as organizational resistance, barriers to change, or policy resistance. [36]
[24] [25] The report helped bring sustainability into the mainstream of policy discussions. It also popularized the concept of sustainable development. [1] Some other key concepts to illustrate the meaning of sustainability include: [23] It may be a fuzzy concept but in a positive sense: the goals are more important than the approaches or means ...
The evidence toward a relationship between consideration for ESG issues and financial performance is becoming greater and the combination of fiduciary duty and a wide recognition of the necessity of the sustainability of investments in the long term has meant that environmental social and corporate governance concerns are now becoming ...
Environmental governance (EG) consists of a system of laws, norms, rules, policies and practices that dictate how the board members of an environment related regulatory body should manage and oversee the affairs of any environment related regulatory body [1] which is responsible for ensuring sustainability (sustainable development) and manage all human activities—political, social and ...
Ecological economics draws upon its work on resource allocation and strong sustainability to address monetary policy. Drawing upon a transdisciplinary literature, ecological economics roots its policy work in monetary theory and its goals of sustainable scale, just distribution, and efficient allocation. [ 103 ]
Essentially an SA is intended to better inform decision makers on the sustainability aspects of the plan and ensure the full impact of the plan on sustainability is understood. The United Kingdom in its strategy for sustainable development, A Better Quality of Life (May 1999), explained sustainable development in terms of four objectives. These ...