REM 420 Lecture Notes - Lecture 1: Fossil-Fuel Power Station, Sustainable Development

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 420
• Professor: David Scofield

Document Summary

Meeting the needs of the present without compromising the ability of future generations to meet their own needs. Linkages between the environment, the economy and society at all levels. Sustainability: economic growth and development is sustainable if and only if the stock of aerial capital assets remains constant or rises over time. Environment accounting: the preservation or loss of valuable environmental resources should be factored into estimates of economic growth and well-being. Sustainability is the preservation of the natural environment so as to preserve the living standards of future generations at a level at least as high as current standards. Sustainability and sustainable development are inherent indeterminate and contested concepts, which cannot be translated into a consistent intellectual or policy blueprint from which criteria can be derived and un ambiguous decisions can be taken to attain them. What factors in to define sustainable development vary: (ow we live, where we live, what we consume .