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| Name | Ch. 3 Section "Three Pillars of Sustainability: Economic, Social, and Environmental" |
| Video Uploader | Video From Sustainable Living and World Peace |
| Upload Date | This Video Uploaded At 23-09-2020 03:44:57 |
| Video Discription | The popular definition of “sustainable development” from the World Commission on Environment and Development of the United Nations (1987) is “sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (World Commission on Environment and Development, 1987, Our common future, Oxford: Oxford University Press, http://www.un-documents.net/our-common-future.pdf). The 2005 United Nations World Summit generated a description of sustainable development that depended on three components: economic development, social development, and environmental protection (UN General Assembly, 2005 World Summit Outcome: resolution/adopted by the General Assembly, October 24, 2005, A/RES/60/1, https://www.refworld.org/docid/44168a910.html). “In order to work toward complete sustainability, each of these “three pillars” must be operating and functioning supportively with each other.” “A problem within any of the three pillars can lead to trouble within the other pillars, stifling efforts to work toward sustainability.” “It appears that many people believe the term “sustainable development” suggests there must be some lessening of economic growth and development in an effort to preserve the environment.” “We have been led to believe that promoting environmental quality will automatically result in some loss to the economy. That may end up being the case in our current way of thinking.” “However, the truth is that we should be able to have both, and it all depends on how we innovate to ensure the environment does not suffer because of our economic growth.” “Our concept of three pillars of sustainability, with each one needing to be equally strong for complete sustainability, would not support the notion that we will be suffering economically or living more meagerly because we choose to sustain a quality environment.” “Sustainability does not mean that we have to live in worse economic conditions.” “Being that sustainability is actually made up of the three pillars of environmental, economic, and social sustainability, the sustainability we seek should not diminish any of the three pillars.” “At the same time, our quest for environmental integrity should not cause economic hardship, decrease in opportunity, or the loss of personal freedoms.” “What sustainability does mean is not using capital (financial capital or natural capital) in deficit spending scenarios and then calling it growth.” “We have to make sure not to undermine the natural resources’ basis or the financial basis of our economies while expecting continuous returns and growth.” “These bases need to be maintained and invested in. This needs to be done in order for returns to continue to provide us with increased opportunity and value indefinitely into the future for a developing and peaceful human population.” “Many people that advocate a balanced budget without deficit spending understand the term sustainability related to the economy.” “Not only is it irresponsible spending, but also, continuous deficit spending is really a borrowing from the future to benefit the present. This places the long-term existence of our society and its values in jeopardy due to economic unsustainability threatening social sustainability …” “However, if it is just deficit spending, continuous borrowing from the future, and fooling ourselves into thinking we are experiencing real growth, then it is unsustainable to keep borrowing at a rate that is excessive compared to income.” “It is sort of like buying a bunch of things on a credit card and saying you are wealthy now that you have a bunch of stuff purchased with borrowed money.” “This also takes away from future generations’ opportunity to experience real growth (or deal with disasters and unforeseen events) because they will have to contend with historic debt as a part of their economies.” “It is the same thing with the environment. Just as there is a realistic solution to the economy, there is a real solution to the environment.” “Continuously taking from the environment and expending natural capital beyond its ability to recover is not real growth. Squandering nonrenewable resources and using renewable resources at a rate that would ultimately degrade their regenerative capacity is not real growth.” “We have been entirely too willing to overlook real long-term environmental issues. These issues will take on more and more significance and become bigger problems if we continue to neglect them.” It is estimated that about half of the world’s wetlands have been lost during the twentieth century due to human activity of conversion of wetlands to agricultural land, urban land, or for some other human use (statistic can be found at “Policies to protect wetlands necessary for sustainable economies – UN-backed report,” UN News, October 16, 2012, https://news.un.org/en/story/2012/10/423672). |
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