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This book provides an overview of the business and investment
implications of sustainability. Over the past few decades, the
world has witnessed significant improvements in economic
development that meet a wide range of human needs. Ensuring that
such development takes place in a 'sustainable' way is the central
focus of many recent social movements and industrial policies.These
trends have created a business environment and investment climate
in which there is strong consumer demand for sustainable solutions.
And they have led to trillions of dollars in both private
investments and public subsidies to suppliers of solutions that
address some of the most pressing negative consequences of
unbridled economic development: climate change caused by fossil
fuel consumption, loss of access to water, uncontrolled population
growth, depletion of both non-renewable resources and renewable
resources, pollution, loss of biodiversity, etc. Not surprisingly,
many private businesses and investors are attracted to what they
perceive as a potentially lucrative and high-impact area of the
economy, while others see their contributions to sustainability as
a social and corporate responsibility.Economic development with
sustainable solutions is, however, a complex field. Both businesses
and investors that venture into this area will immediately face a
myriad of challenges, ranging from dealing with the pressure of
conflicting ideologies, activists, social networks, powerful
industry lobbies on both sides of the ideological divide, and
market distortions from ever-increasing government industrial
policies, regulations, and subsidies.This book provides insights
for businesses and investors on how to navigate this complex
landscape. It describes both opportunities and risks of engagement
in the field of sustainability. It is intended, as a primer for
university business schools and schools of public policy and
administration where there has been recent increased interest in
the topic but a dearth of comprehensive synthesis. The book is also
intended for a broader readership, including thought leaders,
policymakers, regulators, technical specialists, the press, social
media, and the public at large.
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