The importance of sustainability in the modern world

Maria-Cristina Eremia
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Maria-Cristina Eremia: Bucharest University of Economic Studies

Theoretical and Applied Economics, 2024, vol. XXXI, issue Special, Summer, 317-324

Abstract: Having a sustainable behaviour does not solely refer to the environment and having a green approach of the consumption habits. Of course, that has been the focus in the recent years, but there is more to cover. Being sustainable has become a trend due to the updated regulations that want to meet the United Nations’ Sustainable Development Goals (SDGs). Indeed, we are going through a climate crisis, but that is not the only reason we need to shift towards a change for the better. Practices such as recycling or consuming less meat are good, however these are not of high impact if not implemented efficiently. Sustainable development has vast meanings, and, in this article, we will look over the definitions and current practices, what is working and what could be improved for the future taking into consideration the everchanging needs of the world. The problem nowadays is not that the society does not consider sustainability an important issue, but rather that it is not as relevant compared to personal needs. If we would ask why this topic is important, we need to address the question properly “why is sustainable development important for one individual?” rather than asking why is important for the planet. Through the spectrum of SDGs, sustainability means durability and continuation of practices that enhance prosperity (economic, social, environmental) and wellbeing. This is the balance we strive to achieve with this article by analysing all the factors coming with the sustainable development.

Keywords: sustainable development; sustainability; stakeholder engagement; environmental issues; green solutions. (search for similar items in EconPapers)
Date: 2024
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