Environmental economics stresses the importance of biodiversity for human well-being. Sustainability and sustainable development aim to balance the needs of the present without jeopardizing the future. Long-term sustainability in development is crucial to prevent ecological disasters.
Environmental economics emphasizes the interconnectedness between human well-being and biodiversity. When ecosystems are harmed or species go extinct, it poses risks to our survival. Decisions affecting biodiversity must consider all costs and benefits, including impacts on ecosystem services, before implementation.
Sustainability and sustainable development are crucial concepts. Sustainable development aims to meet present needs without compromising future generations' ability to meet their own needs. It involves balancing economic, social, and environmental aspects for long-term benefit.
Environmental degradation due to economic growth can have far-reaching consequences globally, and it's vital to consider the long-term sustainability of developmental efforts to avoid ecological catastrophes.
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