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Sustainable development is an umbrella term that encapsulates the idea of meeting the needs of the present without compromising opportunities, access to resources, or growth for future generations. Rather than simply accounting for the short term, sustainable development is rooted in the future: being conscious of our impacts now so that we may continue to grow in future generations.
The main component driving the UN Sustainable Development Goals is the idea of giving developing countries the capacity to expand in sustainable ways. Developing nations are encouraged to develop within the scope of environmental and social considerations. Sustainable development is important for developing countries because it makes them more resilient in the face of climate change. Furthermore, it allows them to build more ethical lifestyles that prioritize things such as primary education. In addition, the UN and partnering countries provide resources to countries that commit to the sustainable development goals, giving them incentives to grow.
Developing nations should be provided with proper resources (ie technology and financial assistance) to develop in sustainable ways rather than building economies on the same bedrock that is destroying the environment as we speak. As market demand and economies across the world shift towards more environmentally friendly initiatives, emerging economies have the opportunity to start on the right foot from square one through sustainable development.
At Physis, our clients select which Sustainable Development Goals are most important to them, expanding investment opportunities toward a better tomorrow. Join us today!
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