ACTA TECHNICA CORVINIENSIS - Bulletin of Engineering

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ACTA TECHNICA CORVINIENSIS – BULLETIN of ENGINEERINGSome claim that now is the best time to do thatand that right now it should be clear toeveryone that we can not go on as we havebeen.Always in the face of challenge, a lot of newopportunities appear. We just need to seize themoment and make the most of them. Our future(as individuals and as a society, as a whole)depends on it.The “big questions” here are: how do we build amore sustainable society with lower energy andresource use? How do we create the “green jobs”that will be needed to deliver these solutions?And how do we create a societal infrastructurethat will be more resilient to the challenges ofclimate change and its impacts on our food andwater supplies?The amount of investment needed for energy,urban infrastructure, water, transport and foodsupply, to mention a few, will be tremendous,but we can not allow these investments to lockus into an unsustainable future. Theinfrastructure we invest in today will be with usa long time (50 years or even more). It is vitalthat governments remember this whendesigning the future infrastructure. They need tolook forward to the low-carbon economy of thefuture and focus on investments in new energysystems, transport solutions, energy-efficientbuildings and water and urban infrastructure.Making the right decisions now will spur newindustries, create “green jobs”, change our livesand secure our future.We need to be thinking across the board, andoutside of the usual constraints. With vision,foresight and planning, the world can be reshaped.Imagine, for instance, a life in thefuture, where our homes and industries arepowered by low-carbon energy, where transportruns on clean fuels, where even the poorestpeople have easy access to clean water, whereour buildings and household appliancesconsume less energy, and where workersequipped with new, “green” skills are employedin the abundant jobs these new industries create.All these represent opportunities for newbusinesses and growth. But the achievement isnot possible by thinking in silos and withinnarrow national borders. A global view isrequired. We must take advantage of theseopportunities. Future generations will not thankus if we fail.ECONOMIC SUSTAINABILITYOne of the constituents of the sustainabledevelopment is economic sustainability, alongwith the social, environmental and institutionaldimensions.The term of economic sustainability does notonly refer to achieving economic growth everyyear, but also at understanding that economicgrowth is only sustainable if it simultaneouslyimproves our quality of life and theenvironment.Along with ways of a business to operate and itsfinancial stability, economic sustainabilityinvolves the generation of community capital,such as local sourcing, employment,partnerships and investment.In business, there are only companies whichmanage their economic sustainability as noamount of excellent social and environmentalperformance will prolong the life of a companythat is economically unsustainable.In time, there have been set certain models ofthe sustainable development, therefore it is wellknownthat in order to obtain the sustainabilityeach of the four subsystems (economic, social,environmental and institutional) has to maintainits capability to survive and evolve, while theconnections of the subsystems must enable apermanent co-evolution. It has always been achallenge to identify the perfect level ofcomplexity for descriptions and models in orderto develop adequate analysis and to avoid wrongprognoses and this is sometimes beyond theanalytical capacities of current economictheories. In this way, a system analysisperspective is presented as a framework fordebating the co-evolution of economy, society,and nature. In this context, the economic, social,environmental and institutional sustainability ofthe economy can be defined and economictheories can be assessed regarding theirusefulness for the description of a complexevolving system, like the economy.In business, there are only companies whichmanage their economic sustainability as noamount of excellent social and environmentalperformance will prolong the life of a companythat is economically unsustainable.It is only obvious that economies andcommunities are to a high degree affected bybusiness failure and economic instability having402010/Fascicule 2/AprilJune /Tome III
ACTA TECHNICA CORVINIENSIS – BULLETIN of ENGINEERINGa disastrous effect on people. However,businesses that only measure success againstfinancial indicators, such as turnover and profit,increasingly risk failure. A broader perspectiveon sustainability is now emerging, based aroundreputation, full cost accounting, ability to addvalue and the management of knowledge.However, the present tax system acts in thedirection of discouraging small business as itencourages waste, discourages conservation,and rewards consumption. The tax system needsa major overhaul to favor the legitimate andcritical needs of the small business community.Retention of capital through retained earnings,efficiencies, and savings is central to smallbusiness competitiveness. Current tax policiesoften act to unfairly penalize small business.To sum up, sustainable development is andalways will have to be taken into account as itdecides not only the economical welfare andgrowth, but also the quality of life.Summarizing specific challenges, it is criticallyimportant that the European Union has resident(citizen) capacity to carry out strategic planningon a continuing basis. While this capacity will inthe short-term necessarily have to depend onexternally supplied expertise, more institutionalstrengthening will be required to ensure thedevelopment and institutionalization ofplanning and policymaking capacity at bothnational and state levels.AUTHORS & AFFILIATION1.CARMEN HĂRĂU1. 3DEPARTMENT OF ENGINEERING & MANAGEMENT,FACULTY OF ENGINEERING HUNEDOARA,UNIVERSITY “POLITEHNICA” TIMISOARA, ROMANIAREFERENCES[1] EKINS, PAUL, Economic growth andenvironmental sustainability: the prospects forgreen growth, Routledge, ISBN 0415173337,London, 2000[2] DHAMIJA, URVASHI; GAPAL JAYAL, NIRAJA, pref. ,Sustainable solid waste management: Issuespolicies and structures, Academic Foundation ,ISBN 9788171884285 New Delhi, 2006[3] JURGEN SCHMANDT, CALVIN HERBERT WARD, MARILUHASTINGS, Contributor Marilu Hastings,Sustainable development: the challenge oftransition, Cambridge University Press, 2000,ISBN 0521653053, 9780521653053[4] LELE, SHARACHCHANDRA M., Sustainabledevelopment: A critical review, WorldDevelopment, 19 (1991)[5] BARBIER, E, The concept of sustainableeconomic development, EnvironmentalConservation [ENVIRON. CONSERV.]. Vol. 14,no. 2, pp. 101-110. 1987copyright © University Politehnica Timisoara,Faculty of Engineering Hunedoara,5, Revolutiei,331128, Hunedoara,ROMANIAhttp://acta.fih.upt.ro2010/Fascicule 2/AprilJune /Tome III 41
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