Sustainable Economic Growth

Sustainable economic growth is a form of economic development that involves the use of resources in a manner that meets the needs of the present without jeopardizing the ability of future generations to meet their own needs. It is a long-term development strategy that balances environmental, social and economic considerations to ensure present needs are met without compromising the opportunities available for future generations. Sustainable economic growth focuses on reducing consumption of resources, increasing efficiency and productivity, and investing in renewable energy sources to reduce global warming and climate change. It also encourages innovation and knowledge-based investments to improve the quality of products and services produced. Benefits of sustainable economic growth include more secure and sustainable job opportunities, improved energy security, and more equitable wealth distribution.