Sustainable Development Policy and Guide for the Eea Financial Mechanism & the Norwegian Financial Mechanism

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Sustainable Development Policy and Guide for The EEA Financial Mechanism & The Norwegian Financial Mechanism

Adopted: 07 April 2006

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Introduction

1.1 Policy Statement
Sustainable development is of fundamental importance to the donor states of the EEA Financial Mechanism and the Norwegian Financial Mechanism, Iceland, Liechtenstein and Norway. The donor states consider the primary goal of the EEA and Norwegian Financial Mechanisms (the EEA Grants), the reduction of social and economic disparities in the European Economic Area (EEA), as being essential part of sustainable development. Sustainable development describes an approach to planning and decision-making that aims at achieving a real and lasting
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It is a fundamental part of this challenge to secure the living and physical environment, including natural resources, processes and balances. Some simple, yet fundamental, aims have to be formulated, such as:

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Our Common Future; The Brundtland Commission, 1987

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Limiting global warming Halting loss of biodiversity Controlling and limiting emission of persistent chemical pollutants Returning to natural nutrient cycles

The need to limit global warming clearly illustrates how the environment is the basis for any sustainable development. The only logical way to control global warming is to reduce the emissions of fossil carbon significantly over a relative short time. If the climate really comes out of its current balance, it may not be possible anymore to create the good life of the social dimension with all economic and other tools available.

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Economy - the tool

Traditionally economic development has been seen as the target, and the environment as the tool through the use of resources. Economic prosperity is a very important element of sustainable development; it allows to combat poverty, to finance remediation of old burdens, to make changes in our development, etc. However, not all economic growth implies improvement for sustainable development. Only economic growth at reduced environmental impact can be defended as being part of sustainable development. In other words,

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