What should be done to achieve sustainable development according Herman Daly - a leading environmental economists.

Solution

According to Herman Daly – a leading environmental economists the following needs should be done to acheive sustainable development:

1. Limiting the human population to a level within the carrying capacity of the environment.

2. Technological progress should be input efficient and not input consuming.

3. Renewable resources should be extracted on a sustainable basis.

4. For non-renewable resources, rate of depletion should not exceed the rate of creation of renewable substitution.

5. Inefficiencies arising from pollution should be corrected.

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