Ecologically sustainable development

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Ecologically sustainable development is the environmental component of sustainable development. It can be achieved through the implementation of the precautionary principle, namely that if there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation; the principle of intergenerational equity, namely that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations; conservation of biological diversity and ecological integrity should be a fundamental consideration; and improved valuation, pricing and incentive mechanisms, namely that environmental factors should be included in the valuation of assets and services.