ABSTRACT
The concept of “sustainable development” has been recognized by the world’s nations in a line of international documents and global events. 1 While many have attempted to define this term, 2 perhaps the most commonly accepted definition of “sustainable development” is the one proposed almost 25 years ago by the Brundlant Report, in which it was described as “[D]evelopment that meets the needs of the present without compromising the ability of future generations to meet their own needs.” 3 In essence, the ultimate objective of sustainable development is the integration of economic development with environmental protection and social well-being. 4 Sir Elihu Lauterpacht has recently explained in this respect: “Sustainable development, therefore, represents a commitment to a different kind of economic development, one that focuses on achieving important improvements in the opportunities and quality of life without jeopardizing the interests of future generations.” 5
