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What is Sustainability?
Sustainability refers to the ability to meet current needs without
compromising the ability of future generations to meet their own
needs. It encompasses environmental health, social equity, and
economic viability. Sustainable practices aim to:
• Protect Natural Resources: Using resources responsibly to
avoid depletion and ensure ecosystems remain healthy.
• Reduce Environmental Impact: Minimizing pollution, waste,
and carbon emissions to preserve the planet’s ecosystems.
• Promote social well-being: Ensuring fair treatment and
opportunities for all communities, addressing social justice
issues.
• Encourage Economic Stability.
Smart Grids:
Implementing smart grid technology allows for better
energy management and reduced losses in transmission
and distribution.
Energy-efficient Technologies:
Upgrading infrastructure and machinery to more
energy-efficient models can decrease overall
consumption.
• Waste-to-Energy Technologies:
Converting waste into energy through various
processes can reduce landfill waste while generating
electricity.
DME Management School 5
Carbon Capture and Storage (CCS)
• Biodiversity Protection:
Implementing practices that safeguard local ecosystems
during the development of energy projects.
•Local Sourcing:
Engaging with local communities for sourcing materials
and labor can reduce transportation emissions and
bolster local economies.
• Stakeholder Collaboration:
Involving communities in decision-making processes
fosters transparency and builds trust, which is essential
for the success of energy projects.
• Sustainability Reporting:
Companies should adopt transparency in their environmental
impact, encouraging accountability and continuous improvement.