A goal or vision, an attempt to steer a process, the applications of a set of tools, a philosophical exercise seeking to establish new perspectives towards the environment and human societies
Actual decisions and action concerning policy and practice regarding how resources and the environment are appraised, protected, allocated, developed, used, rehabilitated, remediated, and restored
Can be regenerated, or the regeneration takes place so slowly that it will not significantly increase the stock of resources in any reasonable time span
Using, conserving, and enhancing the community's resources so that ecological processes, on which life depends, are maintained, and the total quality of life, now and in the future can be increased
Meeting current needs without compromising future needs, which also means economic improvement for the world's poorest populations is possible without devastating the environment
Involves actions that could prevent any harm to the environment
Emphasis must be placed on anticipation and prevention of environmental damage
Precaution affects how science is conducted; how products, production processes, and activities are designed; how information is weighed in deciding, and who is involved in the decision process, all of which are designed to prevent environmental problems
The present generation should ensure that the health, diversity, and productivity of the environment is maintained or enhanced for the benefit of future generations
This represents a widely recognized principle of international environmental law providing for the preservation of natural resources and the environment for the benefit of future generations
Improved Valuation, Pricing, and IncentiveMechanisms
Enable environmental factors to be included in the valuation of goods and service
Valuation helps to manage environmental risks; and reflect the trade-offs and complementarities between environmental benefits and other forms of economic and social activities