Sustainable economic growth is the process of increasing a country’s wealth over the long term without harming the environment or using up natural resources. It ensures that future generations can enjoy the same or better living standards than we have today.
This approach focuses on balancing three main areas: economic success, environmental protection, and social well-being.
Key indicators used to measure this include:
- The Human Development Index (HDI)
- The ecological footprint
- Levels of carbon emissions
To achieve this, countries often use specific strategies like:
- Investing in renewable energy
- Improving resource efficiency
- Adopting green technologies
Ultimately, this concept is closely related to inclusive growth and the global sustainable development goals.