Sustaintable Development Environment & Economic

7/29/2019 Sustaintable Development Environment & Economic

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*Unlike traditional societies, modern economies

have only recently acknowledged the need tomanage scarce natural resources in a prudent

manner because human welfare ultimately

depends on ecological services.

*Ignoring safe ecological limits will increase the

risk of undermining long-run prospects for

development.


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*The environmental sustainability focuses on the

overall viability and health of living systems

*It defined in terms of a comprehensive, multi-scale,

dynamic, hierarchical measure of resilience, vigor

and organization.

*Resilience/Recovery is the potential of a system

state to maintain its structure/function in the face of

disturbance.

*Resilience is also related to the ability of a system toreturn to equilibrium after a disruptive shock.

*Petersen et al (a researcher) arguethat theresilience of a given ecosystem depends on the

continuity of related ecological processes at bothlarger and smaller spatial scales.


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*Adaptive capacity is an aspect of resilience thatreflects a learning element of system behavior inresponse to disturbance.

*Natural systems tend to be more vulnerable to rapidexternal changes than social systems the lattermay be able to plan their own adaptation.

*Sustainability may understood also in terms of the

normal functioning and longevity of a nested

hierarchy of ecological and socioeconomic systems,ordered according to scale.

*Sustainable development demands compensation for

opportunities foregone by future generations, because

todays economic activity changes biodiversity in waysthat will affect the flow of vital future ecological

services.


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*The SLDI Code (sustainable project

development) Sustainable Development Matrix


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*Planet (Environmental Capital)

*Model Nature The purest and most valuable form ofenvironmental stewardship is to model our natural systems

throughout our projects. All the sustainable technology andintelligence necessary can be found by understanding and

modeling our natural biological systems. This can be

accomplished through the study of natures best ideas and

then imitating these designs and processes to solve human

problems. Further, human beings have an innate andevolutionarily based affinity for nature. Connecting projects

to nature equals success from an environmental, social and

economic context.


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*Energy Flows Capturing and leveraging ournatural energy systems through renewable

energy sources and biological materials is thenature of this principle. Minimizing the amount

of non-renewable energy and pollutants used

throughout the product manufacturing, use,

maintenance and reuse is vital to achieving

best practices with the Energy Flows guidingprinciple.


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*Humans and Nature Co-exist Byincorporating natural principles and practices,

projects can deliver a sustainable imprint thatnot only has lower impact, but no impact and

restorative impact. Humans have the

capacity to restore the natural systems to

greater health through effective planning,

implementation and management. For asustainable future, humans must effectively

integrate with nature, not separate from it.


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*Economic progress is evaluated in terms of welfare

(or utility) measured as willingness to pay for goods

and services consumed.

*The modern concept underlying economicsustainability seeks to maximize the flow of income

that could be generated while at least maintaining

the stock of assets/capital which yield this income .


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*Many argue that unrestrained economic growth is

unsustainable, and point out practical limitations in

applying the economic sustainability rule without

additional environmental and social safeguards.

*Problems arise in defining the kinds of capital to bemaintained (for

example, manufactured, natural, human and social

capital have been identified) and their

substitutability.

*Often, it is difficult to value these assets and the

services they provide, particularly in the case of

ecological and social resources.

*Even key economic assets may be overlooked e.g.,

where non-market transactions dominate.Uncertainty, irreversibility and catastrophic collapse

also pose difficulties

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*Examples on Economy Sustainability:

*Economic growth occurs when there is a rise in the

volume of goods and services produced in a country from

year to year.

* It is a good thing because high economic growth.

1. The country is using as much resources as it has.

2. Since its producing so much, lots of people are

employed.

*Due to the two reasons the living standards will be highin the country. However, there are problems, which why

sustainable development project is being launched.

* It caused really high economy growth and its bad for the

people since everyone has more money and increase

more in spending. At last, inflation occurred.

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*Inflation meaning the prices of goods and services

increase.

*Another problem is the trade position. If a country

has high economy growth, it naturally has strong

currency like Europe countries.

*Higher Value of currency meaning the products

from the country is more expensive to other

countries.

*For example, Australia produced a lot of wool, inorder to buy wool from Australia, people have to

swap money into AUD. E.g, instead of 1 AUD : 3

RM, it becomes 1 AUD : 3.3 RM.

*Therefore, the price will rise since the demand for

it is high


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*Economy growth will increase rapidly in Australia

and more people is buying the more Australia things

which cause price of AUD to increase.*This will be bad in long term because it becomes

more expensive to trade AUD to use for Australia

products. In the end people want to trade with

Australia will be less.

*In conclusion high economic growth in the long

term can be bad for the country so economic

growth need to be sustainable.


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*The SLDI Code (sustainable project

development) Sustainable Development Matrix


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*Profit (Economic Capital)

*Create Value Maximizing economic value forall stakeholders is vital to the success, and

overall sustainability, of every project.

Efficient and effective means of production,

distribution, and consumption have a direct

economic impact on success both to the

direct financial beneficiaries and society at

large.


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*Eliminate Waste The budgeting and costcontrol practices throughout the project are

vital to optimizing sustainability. By developing

and following proven best practices in

budgeting, scheduling, bid/contractmanagement, and asset management, returns

can be substantively improved.


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*Recognize Interdependence By including all ofthe stakeholders with a variety of intereststhroughout the project planning and design process,and by expanding the scope of interest beyond theconfines of a specific project to include neighboringcommunities, government, the local watershed, and

beyond, project teams are well on the way towardachieving the optimal economic and environmentalreturns on investments. Over the longer-term, therecan be no economic capital without preserving andmaximizing environmental and social capital.


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Sustaintable Development Environment & Economic