sustaintable development environment & economic
TRANSCRIPT
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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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