Question

Explain how you can find the long term sustainable consumption level? (1 page)(Macroeconomics)

Answer 1

To understand long term sustainable consumption first we must understand whta is sustainable consumption.

As defined by Oslo, sustainable consumption and production is about " the use of services and related products,which respond to basic needs and bring a better quality of life while minimising the use of natural resources and toxic materials and as well as the emmisions of waste and pollutants".

Staying ahead of the curve is called long term sustainable consumption. Understanding these unmet needs and crafting products and servicesto address them is critical to the success of the organisation.

We must also know that why sustainable consumption is important.It is the use of products and services in a way that minimizes the impact on the environment, so that human needs can be met not only in the present but also for future generations. This practise can ensure that the environment has resources available long into the future.

Promoting sustainable consumption and production are important aspects of sustainable development, which depends on achieving long-term economic growth that is consistent with environmental and social needs. Most government policies focus on stemming the environmental impacts of unsustainable industrial production practices, primarily through regulations and taxes. Promoting sustainable consumption is equally important to limit negative environmental and social externalities as well as to provide markets for sustainable products.

The trend towards considering the social dimensions of sustainable consumption has led to more attention to how products are produced. Consumers are increasingly concerned with not only the polluting or health effects of the consumption of products, but also the impacts which that consumption may have on the factors of production, including workers and resources. As a result, sustainable consumption policies and initiatives are broadening to take into account the effects of processes as well as products and the provision of services as well as goods.

Some of the best known and most widely used sustainability measures include corporate sustainability reporting, Triple Bottom Line accounting, and estimates of the quality of sustainability governance for individual countries using the Global Green Economy Index (GGEI), Environmental Sustainability Index.

An environmental program of sustainable consumption is one that causes humans to flourish along with the ecosystems. It fosters humans’ well-being and quality of life, along with environmental quality. We argue that there are three different, but complementary, ways to achieve these objectives: eco-efficiency, de-commoditization (or de-commodification), and sufficiency.

So we can conclude that, long term sustainable consumption level can be find by using resources at its maximum level, so that it can also be reused,redused,recycled at its optimum. This will improve the efficiency and will reduce the cost.