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there is no depreciation in the world"s "natural capital". .SUSTAINABLE DEVELOPMENT MEANING "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs". In other words. This is a definition offered by the famous World Commission on Environment and Development in its report Our Common Future. Economists have also provided a definition of sustainable development as being an economic process in which the quantity and quality of our stocks of natural resources (like forests) and the integrity of biogeochemical cycles (like climate) are sustained and passed on to the future generations unimpaired. to borrow a concept from financial accounting.

. • A enduring ecosystem condition: an ecosystem that maintains its capacity to support human life and others. • A balance between present and future generations.MAIN FEATURES OF SUSTAINABLE DEVELOPMENT • A desirable human condition : a society that people want to sustain because it meets their needs. and within the present generation.

use and disposal of products and services and provides the means to rethink our lifecycle. as it is finite.. . SUSTAINABLE GROWTH For growth we need resources and the rate of depletion of resources cannot be matched with the regenerating capacity of earth. The aim is to ensure that the basic needs of the entire global community are met. excess is reduced and environmental damage is avoided.Contd. Sustainable growth is an impossible theorem! SUSTAINABLE CONSUMPTION Sustainable consumption is related to production and distribution. Therefore. not-growing and materially closed.

Contd… SUSTAINABILITY Sustainability is the action oriented variant of Sustainable Development. There are some principles of sustainability which include the following• Protecting Nature • Thinking long-term • Understanding systems within which we live • Recognizing limits • Practicing fairness • Embracing creativity .

5 Aspects of Sustainable Development “Meeting the needs of the present” means satisfying: .

disabled or otherwise unable to secure a livelihood Social • gender equity • political accountability • participation .Economical Must be able to produce goods and services on a continuing basis a. economic security when unemployed. ill. adequate livelihood or productive assets b.

Political Freedom to participate in national and local politics Participation in decisions regarding the management and development of one’s home and neighborhood. and spiritual existence . emotional. moral. with respect for civil and political rights and in the implementation of environmental legislation Environmental Must maintain a stable resource base avoiding overexploitation of renewable resource systems and depleting non-renewable resources Cultural A means to achieve a more satisfactory intellectual.

Meeting such needs “without undermining the ability of future generations to meet their own needs” means: .

What to do? • Minimizing use or waste of non-renewable resources (by minimizing the consumption of fossil fuels and substituting with renewable sources where feasible) • Minimizing the waste (by reducing use. reusing. soils. to absorb greenhouse gases. • Sustainable use of renewable resources (by using freshwater. and recycling). .including the capacity of rivers to break down biodegradable wastes as well as the capacity of global environmental systems. and forests in ways that ensure a natural rate of recharge) • Keeping within the absorptive capacity of local and global sinks of wastes --. such as climate.

and it is estimated that the per capita emission in 2031 will be lower than per capita global emission of GHG in 2005. India is expected to begin the greening of its national income accounting. India's per capita GHG emissions would stay under four tonnes of CO2. according to a new study. clean tech (clean energy. Even in 2031. .22 tonnes of CO2 in 2005. making depletion in natural resources wealth a key component in its measurement of gross domestic product (GDP). • India's sustained efforts towards reducing greenhouse gases (GHG) will ensure that the country's per capita emission of GHG will continue to be low until 2030-31. which is lower than the global per capita emission of 4.SUSTAINABLE DEVELOPMENT IN INDIA • Sustainable development in India encompasses a variety of development schemes in social. • In fact. having caught the attention of both Central and State governments and also public and private sectors. clean water and sustainable agriculture) and human resources segments.

Major Achievements in India • The number of carbon credits issued for emission reduction projects in India is set to triple to 246 million by December 2012 from 72 million in November 2009. from the current 15. The growth in CER issuance will be driven by capacity additions in the renewable energy sector and by the eligibility of more renewable energy projects to issue CERs. • CRISIL Research expects India's renewable energy capacity to increase to 20.542 MW. Consequently. according to a CRISIL Research study. . • This will cement India's second position in the global carbon credits market (technically called Certified Emission Reduction units or CERs).000 megawatt (MW) by December 2012. the share of renewable energy projects in Indian CERs will increase to 31 per cent.

about US$ 425. Asia Infrastructure and Natural Resources. International Finance Corporation (IFC)." as per the Indian Green Building Council (IGBC). Regional Industry Director. which will put us on top. "About 2-3 per cent of all construction in India is green.• The contribution of renewable energy to the power business in India has now reached 70 per cent. according to Electrical Lamp and Component Manufacturers' Association of India (ELCOMA) statistics. compared to 10 per cent in 2000. In value terms. according to Anita George. as good as (in) the US. In the next two or three years. • Growth in use of green technologies has put India on the green-building leader board with countries such as the US.79 billion Indian lighting market is estimated to be growing at 18 per cent annually and switching rapidly to energy-efficient systems. in terms of project numbers and dollar value. • The US$ 1.58 million of the current market size belongs to the compact fluorescent lamp (CFL). we want to bring it up to 10 per cent. .