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Sustainable development is an approach to growth and human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. [1] [2] The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity.
The United Nations estimates that for Africa, considering the continent's population growth, yearly funding of $1.3 trillion would be needed to achieve the Sustainable Development Goals in Africa. The International Monetary Fund (IMF) also estimates that $50 billion may be needed only to cover the expenses of climate adaptation .
The sustainable growth rate is the growth rate in profits that a company can reasonably achieve, consistent with its established financial policy.Relatedly, an assumption re the company's sustainable growth rate is a required input to several valuation models — for instance the Gordon model and other discounted cash flow models — where this is used in the calculation of continuing or ...
One distinction is that sustainability is a general concept, while sustainable development can be a policy or organizing principle. Scholars say sustainability is a broader concept because sustainable development focuses mainly on human well-being. [23] Sustainable development has two linked goals. It aims to meet human development goals.
Smart growth principles are directed at developing sustainable communities that provide a greater range of transportation and housing choices and prioritize infill and redevelopment in existing communities rather than development of "greenfield" farmland or natural lands. Some of the fundamental aims for the benefits of residents and the ...
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [1] [2] [3] It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required.
SDG 8 aims at fostering sustainable and equitable economic growth for all workers, irrespective of their background, race or gender. [9] This means achieving "higher levels of economic productivity through product diversification, technological upgrading and innovation , including through a focus on high-value added and labour-intensive sectors."
Economic growth is the pillar that most groups focus on when attempting to attain more sustainable efforts and development. In trying to build their economies, many countries focus their efforts on resource extraction, which leads to unsustainable efforts for environmental protection and economic growth sustainability. While the commission was ...