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Sustainable Development Balancing Economic Viability, Environmental Protection, and Social Equity

Puneet Kumar, Lokesh Sharma, Nikhilesh Chandra Sharma

2024Advances in logistics, operations, and management science book series30 citationsDOI

Abstract

The need to achieve a balance between economic growth, ecological stewardship, and social justice has never been greater than it is now, as the world struggles with climate change, resource scarcity, social disparities, and environmental degradation. Sustainable corporate practises, clean energy breakthroughs, environmental policies, social programmes, community participation, and natural resource conservation are only some of the strategies and solutions that are assessed in this study. The primary purpose of this study is to illuminate novel tactics and policies that can promote sustainable development, ultimately leading to a future in which economic growth is both environmentally responsible and equitable for all people. The authors' goal is to help politicians, businesses, and individuals create a more sustainable and equitable future by shedding light on the difficulties and possibilities of balancing these three crucial dimensions. This study will highlight the significance of cooperation, holistic thinking, and integrating economic, environmental, and social considerations in order to create a world that is not only prosperous but also environmentally resilient and socially just as we delve into the complex web of sustainable development. The findings of this study are intended to help governments, corporations, and individuals make decisions that will lead to a more sustainable and fair future. To ensure that the advantages of development are shared by all parts of society and that economic prosperity is attained without damaging the environment, it is essential to think holistically and work together.

Topics & Concepts

BusinessSustainable developmentEquity (law)Social equalityNatural resource economicsEnvironmental planningEconomicsEnvironmental sciencePolitical scienceMarket economyLawSustainable Development and Environmental Policy
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