Sustainability managers continue to lead an organization’s marketing, strategy, finance and work processes but they also seek to assess their use of energy, water and other materials and work to reduce waste and environmental impacts. For example, young Americans seem less interested in owning cars than their older siblings and parents did. This has to be done in the context of a global economic dynamic of restructuring and rebalancing – indeed, robust growth and increasing economic sophistication in Asia has shifted the axis on which the global economy turns – deeper regional trade and economic and political relationships can unlock the most severe constraints to growth and can help leverage the construction of a more sustainable and inclusive pattern of development. I wish you all a very successful conference. Urban centers need to be made cleaner and safer by adopting resource saving measures such as rain water harvesting, energy efficiency of buildings, and reducing, reusing and recycling wastes. Sign me up for the Earth Institute newsletter, so I can receive more stories like this. economic growth and sustainable development in all countries. I believe our deliberations will bring out how critical water has been and will be to our food, energy and environmental security; we will notice that the economic prosperity of the past decade has come at a high environmental cost, and our current growth pathway is not sustainable. The country needs broad National Highways for goods and people to move up and down, as against environmental … Ladies and gentlemen, I am honored to join, and speak to, this distinguished gathering of Greater Mekong Subregion (GMS) policy makers, sustainable development researchers, practitioners and development partners. Linking economic growth to environmental protection and sustainable resource consumption is a pressing challenge, especially for countries whose economic production and consumption patterns are largely based on coal. If the measure of growth was shifted to well-being, and energy and resource consumption were curtailed, and as you point out radical rational approaches to efficiency were implemented by regulations (driven by well-being measures) then I find it easier to imagine. We can build and live in sustainable cities and end the climate and ecological crises that seem so overwhelming today. Food demand from the Mekong River Basin, for instance, is projected to increase by 20 to 50 percent by 2030. Environmental policies should not be used as an unjustifiable means of restricting international trade. It also does not help that we keep refusing to acknowledge some quite dire problems capitalism has created that directly… Read more », It seems to me that the US simply moved its pollution and production-based emissions elsewhere, such as China. Guided by the now famous GMS brand, articulated through the 3C's - enhancing 'connectivity', increasing 'competitiveness', and achieving a greater sense of 'community,' the GMS has enjoyed a period of sustained and buoyant economic growth over the last decade averaging 6.5%, and as illustrated by the countries' resilience during the recent financial and economic crisis, this growth is based on strong foundations - whether expressed in terms of income, consumption or through composite measures such as the UN's Human Development Index (HDI). Somebody builds the sewage and water treatment facilities. After three decades of unbridled economic growth and mounting ecological problems, China and its new leadership face a key challenge: cleaning up the dirty air, polluted water, and tainted food supplies that are fueling widespread discontent among the country’s burgeoning middle class. All the data show that an increase in Gross Domestic Product (GDP) leads to an increase in material and energy use, no matter what some say about the decoupling of the two. Developing nations are focused on economic growth and factors intended to increase income, whether or not it comes at the expense of environmental degradation. (This past June a wonderful piece summarizing McHarg’s ideas and influence appeared on the City Lab website and it is well worth reading.) Opening remarks by Stephen P. Groff, Vice President (Operations 2), Asian Development Bank, Bangkok, Thailand. Today, with rare exceptions, we treat our sewage waste. We review 25 years’ of refereed journal articles And environmental amenities are worth money. This is not a fantasy, it is history. The Conference provides us a unique opportunity to take stock of the developmental achievements of the past decade focusing on lessons of success as well as failure, lessons that can guide this journey. “It’s truly a contradiction,” said Johan Rockström, director of the Potsdam Institute for Climate Impact Research. Unsustainable economic growth can be compared with the malignant growth of cancer. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. This will guide ADB's regional economic cooperation and integration agenda in the GMS for the next decade, but its effective implementation requires state-of-the-art developmental knowledge and know-how. A balance between environmental, economic, and social sustainability is the key to planning success. "There is a pervasive misconception that economic growth and development will eventually lead to environmental sustainability," said lead … Economic sustainability has always been seen as an important part of business growth. The list of nice oxymorons is long - from sustainable development to its reincarnations like green economy or green growth - but wishful thinking does not solve real problems. But the path to climate mitigation is not through slower economic growth, but through economic growth that is steered toward environmental sustainability and away from gratuitous environmental destruction. It is simple: economic growth is not compatible with environmental sustainability. The revival of New York’s Central Park raised the value of the already high-end real estate bordering the park. Economic Sustainability is a balancing act. Let me briefly refresh our memories of what the GMS countries have achieved so far. Economic growth and environmental sustainability. Let me start by first thanking our host country Thailand, and particularly Khun Mingquan, Deputy Permanent Secretary of the Ministry of Natural Resources and Environment for joining me in inaugurating this conference, which assumes special significance in the wake of the unfortunate natural resource disasters Thailand and many GMS countries faced during 2011. This paper examines the record of urban population growth, health, and health care spending in developing countries; describes the linkage between urban air pollution and health; and weighs policy responses to reduce stationary and mobile source air pollution. The new GMS Strategic Framework (2012-2022) focuses on developing "software" to complement the "hardware" achievements. What/ Why: From the dry heat in Arizona to the humid … Therefore, the emphasis for developing countries is on the need for progress, a desire to have social and economic gr… The environmental impact of consumption can also be reduced by new technologies. Over the last decade, the GMS economic cooperation program has mobilized over $14 billion in completed and planned investments. “It’s difficult to see if the current G.D.P.-based model of economic growth can go hand-in-hand with rapid cutting of emissions,” he said.”. It is an impressive story. It makes business and ecological sense. A counter-argument to industrial development and environmental issues being opposed to each other is that growth is good for the environment. Growing resource demands worldwide as well as in the GMS are resulting in a growing set of material and ecological constraints – recent volatility in commodity markets and "spikes" in food and energy prices indicates what the future might hold. Exceptions might include consumption that has a direct negative impact on others such as driving while intoxicated or smoking in a public space. Sustainability in the 21st century requires investments in smart development – getting more food and industrial output from the same amount of material and energy inputs. The point is that, in a global economy, it is incorrect to think in terms of any single country in isolation. It’s really quite simple: with public policies ranging from command-and-control regulations to direct and indirect government subsidies, businesses and governments developed and applied technologies that reduced pollution while allowing continued economic growth. More sustainable lifestyles are emerging and they can be detected in consumption patterns. In fact, the environment is the source of natural resources used in factories and industries for the production of goods for economic gains. The absence of economic development leads to political instability and the potential for violence. Balancing Economic Growth with Environmental Sustainability Responsible banking for environmental sustainability November 2019. There are political and business leaders who do not care if economic growth causes environmental damage and there are environmental advocates who do not believe you can have economic growth without causing environmental damage. We need to chart a pro-poor pro-environment roadmap to 2020. As such, lowering environmental degradation has been viewed thus far as a luxury that can only be pursued once a certain level of economic growth has been reached. There are genuine opportunities for national and city leaders to improve resource efficiency, reduce carbon emissions and pollution, enhance ecosystems and minimize environmental risks. The environment plays an important role in the life of human beings. Many scientists say that further economic growth in developed countries is incompatible with environmental sustainability. A) limits to Earth’s natural resources and thus to any economic growth that depends on them – limits that, if not honored, will gravely affect the future. Balance Between Economic Growth and Environmental Protection. Equally important and opportune is the timing of this conference. I am confident that this conference will provide us insights, and actionable evidence and knowledge for mapping a sustainable and resilient economic future for the GMS. The findings from the author’ s statistical and econometric analysis clearly suggest the 2 A little bit about us Part of National Development Wide range of solutions Product of gradual evolution Assisting SMEs Infrastructure Building 1970s 1990s Today Improved regulations, better education, and alternative livelihoods for the people will allow successful environmental sustainability, while maintaining socioeconomic sustainability. For the majority of economies in this cluster, achieving greater balance between economic growth and environmental sustainability is a key priority.. Over the past decade, BRICS countries have experienced rapid industrialization, economic growth and increases in GDP per capita. “environmental considerations must be at the forefront of all decision-making regarding development projects.” The GMS 2020 International Conference – Balancing Economic Growth and Environmental Sustainability – provided the setting to review progress under the 2002-2011 strategic framework, and to consider the subregion’s potential On the production side, organizational managers work to increase environmental sustainability, but on the consumption side, consumers are not only buying green but changing patterns of consumption that also help reduce environmental damage. There are existing technologies and practices which need to be disseminated and deployed at a larger scale. In the 1960s you could not ride a bike on a path next to the Hudson River; today you can. Sustainability in this instance is remaining commercially viable and being able to sustain operations in the face of unexpected events. The growth that diminishes the ecosystem is sometimes termed “uneconomic growth” as it leads to a decay in the quality of life. By continuing to use this website, you consent to Columbia University's usage of cookies and similar technologies, in accordance with the, Columbia University Website Cookie Notice, echo do_shortcode('[instagram-feed]'); ?>. But sitting in an Uber or driving your own car are both economic activities that are counted in the GDP. Environmentally sustainable growth is a key development agenda - in 2010, for example, ADB approved 50 projects with environmental sustainability, as a key objective, totaling about $4.8 billion – and also representing a 52% increase over 2009 in the number of projects. Steve, I so appreciate you perspective and using hiding in plain sight history to debunk conventional wisdom. For example, precision agriculture, efficient water supply and re-use, and clean (renewable) energy generation fuels and other frontier technologies are already part of the "green" growth agenda in the region awaiting appropriate policy signals and regulatory incentives for "take-off.". Your excellencies, distinguished guests, colleagues, ladies and gentlemen. More importantly, we are here to deliberate upon the economic development and environmental sustainability challenges GMS countries will face during the coming decade. There is another issue of unfair trade policies and I don’t see most capitalist/ industrialized countries taking any clear stand on this issue in the near future. Modern sustainability today is generally seen in three pillars; economic, environmental and social. There is a need to balance economic development and conservation of natural resources. Only when a country reaches a certain level of growth and economic strength is it able to think about reducing the environmental damage. Climate scientists often mention the impact of climate change on political instability and the phenomenon of climate refugees is well documented. The natural resources utilization should according the state laws and be aimed at economic growth … Water: Machines that Create Water from Air. Environmental issues include deforestation, mineral extraction, pollution, overpopulation, energy, and species conservation. We have gathered here to take an objective look at the impressive economic prosperity of GMS over the last decade. Going to a gym, riding a bike or eating a salad are all activities that add to the GDP. But so does taking your private jet to your ski lodge, driving in your SUV to the ski slopes, and eating a steak. And from the analyses, I conclude by outlining efforts that should be explored at the global level in order to achieve this desired balance. The relationship between economic growth, human well-being, and the achievement of a sustainable future has a long and complex intellectual history. Aidan Bell, co-founder of sustainable business EnviroBuild. Over time, the These "second generation" investments will need to be informed by sound assessment of environmental and natural resources. In a New York Times piece on the climate and economics discussions at Davos, Mark Landler and Somini Sengupta reported that: “Critics pointed to a contradiction that they said the corporate world had been unable to resolve: how to assuage the appetite for economic growth, based on gross domestic product, with the urgent need to check carbon emissions. The challenge is to increase efficiencies in resource use, restore and recapitalize the natural resource base, safeguard environmental quality while creating jobs and sustaining economic growth. Due to the internet, even very poor people in the developing world see the way we live here, want it, and are demanding that their political regimes help them achieve their dreams. In my view, this level of growth and prosperity would not have materialized independent of the GMS economic cooperation program launched by farsighted leaders of the subregion in 1992. The challenges are not only technical in nature, but will also call into question the adequacy of our current resource governance, management and fiscal regimes. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In his 1910 book The Fight for Conservation, for example, the American conservationist Gifford Pinchot emphasized: the right of the present generation to use what it needs and all it needs of the natural resources now available [recognizing] equally our obligation so to use what … ADB has also initiated ambitious, catalytic interventions to promote transformational change in clean energy, sustainable energy, integrated natural and water resource management, sustainable transport and climate resilient urban development. Resource efficiency is key for cities to move towards a green economy and contribute to global sustainability. Income gap is one of the leading reasons for excessive consumption by some people. In the 1960s you could not see the mountains from downtown Los Angeles; today you can. Future development of these economic corridors will depend on deepening and widening of these geographic pathways to align them to the changes in technology demands and trade flows within the region. Renewable energy needed to replace existing consumption is itself a mass industrialisation operation. There is nothing incompatible with capitalism and environmental protection as long as rules are in place that control the environmental impacts of the products and services we make and use. by Steve Cohen, Earth Institute, Columbia University Demands on use of water for food and energy production, as well as domestic and industrial use, is exponentially increasing while ground and surface water sources are depleting and degrading. Environmental protection itself contributes to economic growth. The management of the food-water-energy nexus will be the most critical challenge of this decade. This website uses cookies as well as similar tools and technologies to understand visitors' experiences. The symposium’s latest report warns that unregulated economic growth could result in irreversible environmental destruction and disastrous economic and health consequences. (We see the same bait and switch tactic used with carbon emissions.) As I mentioned earlier, this Conference gives us an opportunity to deliberate on how the food-water-energy nexus should and can drive future economic growth in the GMS – growth that is inclusive and does not compromise ecological infrastructure for current and future generations. Until 1985, we New Yorkers dumped raw sewage into the Hudson River. Climate change only adds to this already complex and complicated policy and practice conundrum. I think you are missing one important part of the criticism that capitalism is facing, that is income gap not only within the borders but outside the national borders. Improved fuel efficiency in freight fleets moving across the region would help reduce the cost of logistics, simultaneously reducing carbon intensity of regional and global supply chains and increasing their business performance; in the energy sector, shifting to renewable energy and demand side management, including improving the efficiency of electricity generation and distribution, will help reduce the vulnerability of the region to fuel price fluctuations; in the agriculture sector, the focus could be on moving to less water intensive crops, improved use of biotechnology with lower agro-chemical dependence, and intensification rather than expansion. GMS is strategically placed to capture these economic development opportunities. 80. McHarg demonstrated that with care, humans could build urban developments that might minimize rather than maximize environmental damage. Without private sector participation, our assessments and agenda for the future will not be realized. It is ironic that some environmentalists along with some climate deniers share the belief that we must trade off economic growth and environmental protection. Profitability and cost of a decision must be balanced with the environmental and social impacts of its results. It has facilitated and delivered multi-modal transport systems, anchored in transport/economic corridors, energy interconnections, and investments in the information superhighway-laying the basis for expanded physical connectivity, enhanced production and employment opportunities, and improved livelihoods. ADB encourages websites and blogs to link to its web pages. All consumption behaviors are not created equal and do not have the same impact on environmental sustainability. However, in present-day society, although we recognize our dependence on the earth's resources its water, oxygen and other natural elements perhaps we do not recognize the connection between the economy and the earth. It is worth noting here that China is already "walking the talk" in the region - China's fast-growing labor force in renewable-energy generation, is currently estimated at more than 1.1 million people based on investments of over $17 billion - part of a $468 billion investment in greening key sectors by 2015. The cleaner Hudson made the waterfront more suitable for housing development. Most supporters of capitalism seem to stand against this idea. And both Los Angeles and New York City have larger economies in 2020 than they had in 1980. All countries in the GMS now face increased competition for resources and rising costs. In case you believe this progress was due to deindustrialization, the two largest sources of air pollution are power plants and motor vehicles and we have many more of them today than we had in 1980. The idea was that rather than providing every home with a quarter acre of land and their own large yard, you would build the housing in the one area of the building site that would cause the least damage to natural drainage and eco-systems and preserve the rest of the land as a parkland for hiking and viewing. Stimulating growth through green technology and investments can provide the financing, innovation platform and political attention to begin the process of effecting this transformation – with the emphasis on making growth processes resource-efficient, cleaner, and more resilient without necessarily slowing them. In the 20th century, we saw the field of management absorb the development of mass production, social psychology, accounting, information management, satellite and cellular communications, globalization and now a concern for the physical dimensions of environmental sustainability. Therefore, it is important to understand the differences, and issues between the developed and developing nations, to effectively understand the dynamics. B) The anxiety is mounting about our ability to achieve sustainability, that is, our ability to meet our needs while ensuring that future generations will be able to meet their needs. Economic Growth and Environmental Sustainability by Steve Cohen | January 27, 2020 There are political and business leaders who do not care if economic growth causes environmental damage and there are environmental advocates who do not believe you can have economic growth without causing environmental damage. This fact of American environmental and economic life began around 1980, a decade after the creation of the U.S. Environmental Protection Agency (EPA) and continues today. Sustainable Environment: Balancing Growth with the Environment - In spite of rapid urbanisation and industrialisation, Singapore has enjoyed a high quality ‘Clean and Green’ environment. GMS leaders at the December 2011 Summit in Myanmar endorsed the GMS Strategic Framework for 2012-2022. McHarg developed cluster development as an alternative to suburban sprawl. Just as finance staff, reinforced by the Security and Exchange Commission rules learned to identify and reduce self-dealing, conflict of interest and fraud; sustainability staff reinforced by EPA rules look to identify and reduce organizational practices that damage the environment. ADB stands ready to work with GMS countries and development partners to shape a roadmap catalyzing investments for a "greener" development trajectory in the GMS. It turned out that most of the outdoor access people used in their homes was on their patios, and that suburban yards were not simply ecological disasters, but a burdensome waste for most homeowners. "Sustainable development requires balance. The conflict between economic growth and environment is sharper today than ever before, particularly in developing countries like India with fast growing population and mass poverty. One of the first sustainability books I ever read was Ian McHarg’s Design with Nature. We can and must accomplish both. Both utilize pollution control technology required by regulation under the law. The belief that capitalism is evil and inevitably causes environmental destruction leads others to believe that sustainable economic development is not feasible. Honorable Vice Minister(s), Thank you. Clean air and water, healthy food and preserved nature all benefit human health and result in far more economic benefit than economic cost. If a US-based company moves its dirty factory to China, then it magically becomes “Chinese pollution” rather than “US pollution.” It’s a neat trick, but let’s not pat ourselves on the back. Over the next two days you will collectively take a hard look at our current food, water and energy situation and recommend actions for the future. Sloppy management, the hunger for easy money and short-term profits, and ideological rigidity lead some to believe the environment must be sacrificed for economic growth. An apartment across the street from a park will bring a higher price than the same apartment a block away. It is in this context I see the conference deliberations and outcomes to be of special relevance as it should enable us to design and deploy knowledge based development strategies and investments. Ride-sharing, bike sharing and other transit options have become feasible due to the development of the smartphone. Concern about sustainability helped to launch a new agenda for development and environmental economics and challenged many of the fundamental goals and assumptions of the conventional, neoclassical economics of growth and development. I believe this GMS2020 conference addresses a critical question confronting not just the Asian but the global development community, namely, how best to bring about a balanced convergence between economic growth and environmental sustainability? I am also particularly pleased that we have private sector representatives to showcase technologies and innovations that are environmentally friendly and promote resource efficiencies and reduce wastage. Just as someone makes money off of solar cells and windmills and whoever invents the 1,000-mile high capacity battery that will power electric cars someday will become very, very rich. This has to be done in the context of a global economic dynamic of restructuring and rebalancing – indeed, robust growth and increasing economic sophistication in Asia has shifted the axis on which the global economy turns – deeper regional trade and economic and political relationships can unlock the most severe constraints to growth and can help leverage the construction of a more sustainable and … My view is that with enlightened design, sustainability management and cutting-edge technology we can harness human ingenuity to the practical problems of environmentally sustainable economic development. These consumption trends are more influenced by changing cultural norms than by public policy, and typically should not be subjects of policymaking. I’ve written often about the evolution of the field of management over the past century or so and that a concern for sustainability is the newest trend in the development of more sophisticated organizational management. 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