Environment Sustainability And Economic Development

In recent years, there has been a growing concern about the effects of climate change and degradation on both developing and developed nations' future development. The economy is made up of consumers, producers, and the market system. This system allows for interaction between consumers and producers. Economy exists to provide goods and services that satisfy the consumer's needs Environment And Economy Relationship.

The conference highlighted the links between development and natural environment, and introduced the concept of sustainable development. This conference has raised awareness of environmental issues and encouraged cooperation between countries to reduce environmental degradation.

Economists are increasingly interested in environmental economics. This is the study of how the economic activities of consumers and producers affect the environment. It also explains the policies that can be implemented to improve the quality and safety of future generations. Environment issues are even more critical in developing countries, where poverty is rampant. Therefore, it is imperative to accelerate economic growth.

Environment and economic growth is more acute than ever, especially in developing countries such as India, which has a large population and high levels of poverty. The developing countries are working hard to balance their desire for rapid economic growth and their environmental concerns in order to preserve their natural bases. As in India, and other developing countries, India's development strategy has been dominated by large-scale industrialization, energy-intensive technologies, and biochemical-based agriculture technology. This ignores the indigenous development paradigm that is based on locally-sufficient technologies.