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In: Economics

Is 'sustainable' development 'efficient'? Is 'efficient' development 'sustainable' Why or why not? Explain.

 

Is 'sustainable' development 'efficient'? Is 'efficient' development 'sustainable' Why or why not? Explain.

Solutions

Expert Solution

natural resources including renewable and non renewable energy metals and minerals water ,air biomass and land are key production factors restoring and maintaining the health of these resoures by incorporating resource by incorporating resources efficiency is a key element of sustainable development .it is not only needed to adequately feed current and projected populations but also to provide a better quality of life to our future generations UNEP has identified the term resources efficiency of resources use the resource productivey or extent to which economic value is added to given quantity of resources and the extent to which resource extraction or use has negative impacts on the environment impacts on the environment

a strong economic argument for resource efficiency is the significant potential for improved competitiveness and job creation , further a responsible competitiveness and job creation .further a responsible and efficient use of resources will contribute to hogher social welfare by making avaible more resource efficiency also has the potential to contribute to health through for example improved access to clean water and food and improved waste management resource efficiency can make a siginificant contribution towards achieving climate change tsrget for reducing greenhouse gas emissions without necessarily having adverse effects on the economy. the international resource panel hosted by the united nations environment programme in a recent report notes that more efficient resource use coupled with ambitious action on climate change could achieve up to a 74% reduction in greenhouse gas emissions by 2050 whilst also stimulating economic social and environmental advantages the benfits from resources efficiency could not be technical monetary aesthetic cultural etc.

if we take the example of cities resource efficiency creates the link between the natural resources avaible to them and the quality of life for people in the city. resource efficient cities combine greater productivity and innovation with lower costs and reduced environmental impacts while at the same time are abale to provide livelihood opportunities particularly opportunities particularly the green jobs expand opportunites for consumer choice and promote sustainable lifestyles


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