Importance of Long Term, Environment Sustainability for Both Social and Economic Sustainability

Running head: IMPORTANCE OF LONG TERM, ENVIRONMENT SUSTAINABILITY FOR
BOTH SOCIAL AND ECONOMIC SUSTAINABILITY
Importance of Long Term, Environment Sustainability for Both Social and Economic
Sustainability
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1
IMPORTANCE OF LONG TERM, ENVIRONMENT SUSTAINABILITY FOR BOTH
SOCIAL AND ECONOMIC SUSTAINABILITY
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

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IMPORTANCE OF LONG TERM, ENVIRONMENT SUSTAINABILITY FOR BOTH
SOCIAL AND ECONOMIC SUSTAINABILITY
Introduction
As discussed by Tomšič, Bojnec, & Simčič (2015), sustainability is defined as the study
of how natural system function remains diverse and produce the needs for an ecology to remain
in balance. This is also seen with the acknowledgement of the human civilisation for the need of
resources to sustain modern way of life. There are numerous examples throughout human history
which shows signs of damage done by civilisation to the environment and seriously affected its
own survival chances. The urbanisation has led to lot of consumption of natural resources every
day. In the urban centres, we consume more power than average. Some of the major reasons for
the sustainability has been depicted with the “keeping our streets and civic buildings lit, to power
our appliances, our heating and other public and household power requirements”. The report
aims to investigate the areas of long-term environment sustainability which is necessary for both
social and economic sustainability. The main attention should be given on the minimising the
impact of the environment which is necessary to ensure sustainable social and economic future
(Khan, Serafeim, & Yoon, 2016).
Discussion
In the “world summit on social development of 2005”, the three core areas contributing
to the viewpoint and social science of sustainable development has been depicted with economic
development, social development and environment. These pillars in several national standards
and certificate schemes has been conducive in tackling the critical areas that is faces by the
world. The report published by the Brundtland Commission has stated that “development that
meets the needs of the present without compromising the ability of future generations to meet
their own needs” (Buys, et al., 2014).
As stated by Reddy & Thomson (2015), ‘Economic Sustainability’ is implied with a
system of production which satisfies the present consumption levels without interfering with the
future needs. The sustainability of the ‘economic sustainability’ is comprised of the
sustainability of the economy system itself. The notion of the economic sustainability was first
introduced by Hicks. The way to implement the economic sustainability in the practical sense is
identified with the method of urban design which meets the urban design and service needs of