Approach:
- Discuss about the negative impacts of economic development
- Measures that were taken in the field of sustainable development
- Suggest methods to balance the environment and development
- Provide a befitting conclusion
Environment Impact of Economic growth:
Natural resources form a major base upon which the growth of the economy happens. Thus the economic growth will have environmental costs. When this cost reaches critical points it results in different environment implications like global warming, drought, floods, acid rain, among others. This will negatively impact human lives and economic activities.
Measures for sustainable development:
The danger of unsustainable economic growth had been acknowledged by the global community and the following measures are taken
- Brundtland Commission Report
- Rio Earth Summit
- Millennium Development Goals
- Rio + 20 Summit
- Sustainable Development Goals
- Paris climate agreement among others
Approach to have a balance between environment and development:
In spite of the global and national measures taken to have a balance between environment and development, the results are not satisfactory. It is evident from the extreme weather conditions and temperature & CO2 levels. The following measures can help to make a better balance.
- Reduce, Reuse and Recycle approach in waste management.
- Technology innovations for an alternative to fossil fuels like hydrogen-powered vehicles
- Policy measures to the effective utilization of natural resources
- Behavioral change campaigns to change the attitude of society to environmental concerns.
- International cooperation with the common but differentiated rules Strategy.
- Effective safety nets to protect the poor and most vulnerable sections of society.
Conclusion:
Human society still has a window of opportunity to protect the environment from irreversible damage. The balance can be achieved only when the change happens right from the individual level to top global organizations in implementing sustainable models. Private organizations also have a crucial part in sustainable development.