The Brundtland Report (UNWCED 1987) established a conceptual basis for sustainable development and produced what has become the most widely recognised definition of it as: ‘development that meets the needs of the present without compromising the ability of future generations to meet their own needs’.

What are the 5 principles of sustainable development?

The former U.N. General-Secretary Kofi-Annan had identified five areas for the applicability of the principle of sustainable development. They are (1) water, (2) health, (3) power and energy, (4) Agriculture and (5) Bio-diversity.

Is it good to think about the future?

Work by psychologist Gabriele Oettingen and colleagues shows that whether thinking about the future helps us actually reach our goals depends on how we think about the future. In fact, research has found that positive thinking about our future can backfire.

What should you consider before making an investment decision?

2. Evaluate your comfort zone in taking on risk. All investments involve some degree of risk. If you intend to purchase securities – such as stocks, bonds, or mutual funds – it’s important that you understand before you invest that you could lose some or all of your money.

Why is it important to write about the future?

For people recovering from trauma, a 2018 study suggests that writing optimistically about the future—an intervention called prospective writing—might encourage post-traumatic growth (that is, positive psychological growth following a traumatic life event).

What should be passed on to future generations?

It depends on whether stocks of capital that matter for our lives are passed on to future generations, including: economic and financial stocks — the value of fixed assets such as plant and equipment and financial assets and liabilities; human stocks — the productive wealth embodied in our labour, skills and knowledge and in an individual’s health;