Ecologically Sustainable Development (HSC SSCE Economics): Flashcards

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Ecologically Sustainable Development
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Environmental sustainability definition

Protecting natural environment: land, water, climate, living species

ESD definition

Using resources sustainably for present & future communities

Intergenerational equity meaning

Using resources without limiting future generations' quality of life

Cost of climate inaction by 2070 (Deloitte)

3.4 trillion USD & 880,000 jobs lost

Effect of resource depletion on production frontier

Shifts inward, reducing economy's productive capacity

Precautionary management principle

Act cautiously on environmental risks, even without full certainty

Australia's NSESD stands for & when created

National Strategy for Ecologically Sustainable Development, 1992

Three core objectives of NSESD

Enhanced wellbeing, equity, environmental protection

Historical civilizations that collapsed from environment

Roman Empire, Mayan civilization, Easter Island

UN SDGs Australia focuses on (examples)

Clean water/energy, climate action, life below water/on land

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