Statement I: Strong sustainability is an approach that requires maintaining the stock of natural capital. It assumes that natural capital and human- made capital are largely complements and not easily substitutable. It emphasizes preserving critical natural assets individually. Statement II: Weak sustainability assumes that natural capital and human-made capital are substitutes. It focuses on maintaining the total value of the aggregate capital stock (sum of natural and human-made capital). It implies that a decline in natural capital is acceptable as long as it is compensated by an increase in human-made capital, thereby maintaining the overall value.
Consider the following statements regarding sustainability rules: Statement I: Strong Sustainability Rule is a rule which requires a separate preservation of each category of critical asset, assuming these to be complements rather than substitutes. Statement II: Weak Sustainability is a rule which seeks to maintain the aggregate monetary value of the total stock of the assets, assuming a high degree of substitutability among the various asset types. In the light of the above statements, choose the most appropriate answer from the options given below:
Asked in HPPSC HPAS Prelims 2023 · Topic: Environment and Sustainable Development (Sustainable Development Goals (SDGs) and Green Economy Initiatives)
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Answer: A. Both Statement I and Statement II are correct
More Environment and Ecology questions
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