This document discusses the economics of environmental sustainability. It defines economics and the linkages between the economy and the environment. Production and consumption utilize resources from the environment and generate residuals. The concept of environmental sustainability is introduced as meeting present needs without compromising the ability of future generations to meet their own needs. Various views on environmentalism and concerns about depletion of resources are examined.

1. ECONOMICS OF ENVIRONMENTAL SUSTAINABILITY A BASIC CONCEPT By Masood Haider Zaidi University of Engineering and Technology Lahore, Pakistan

4. Production Consumption A S R Amenity services Resource flows Residuals flows Goods and services Labour Economy Environment Linkages Economy Environment

19. Production Consumption Amenity Sink R esource Amenity services Residuals flows Goods and services Labour The Economy in the Environment CAPITAL STOCK RECYCLING ENERGY

20. Thanks