Question

WHAT IS THE MEANING OF SUSTAINABLE DEVELOPMENT? WHAT WOULD THIS CONCEPT ENTAIL IN TERMS OF PRACTICAL POLICY FORMULATION AND IMPLEMENTATION? HOW COULD IT BE APPLIED IN THE MANAGEMENT OF AND AS A SOLUTION TO, ENVIRONMENTAL PROBLEMS AND CHALLENGES FACED BY CANADA?

Answer 1

Sustainable Development- Sustainable development means doing the development with current resources without compromising with the future.

It aims to use resources efficiently in order to save them for the future generations.

Sustainable development meets the current needs without compromising with the furture.

The key principle of sustainable
development are integration of environmental, social, and economic concerns into all aspects of decisin making.

The increasing importance of sustainable development, corporate social responsibility and
business morals requires various types of contemporary organisations innovation.

The policies should be formed while keeping in mind the concept of sustainable as it's important for business firms too to use resources in a sustainable development and tackle the environmental related issues and to fulfill its societal responsibilities.

Canada's environmental issues-

The Arctic warming faster than any other biome in recent times, Canadians are particularly concerned about the impacts of climate change. CANADA generates enormous wealth from its oil and gas operations. However, the oil and gas industries account for a quarter of Canada’s greenhouse gas emissions, with the oilsands being the most carbon intensive.

Use of sustainable development in policy formation of business firms will help to reduce the these effects and use natural resources more conservatively.