Common use of ECOLOGICALLY SUSTAINABLE DEVELOPMENT Clause in Contracts

ECOLOGICALLY SUSTAINABLE DEVELOPMENT. The IAR must describe how the following principles of ecologically sustainable development have been applied in the MNES Plan: a) Decision making processes should effectively integrate both long-term and short-term economic, environmental, social and equitable considerations. b) If there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation. c) The principle of inter-generational equity – that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations. d) The conservation of biological diversity and ecological integrity should be a fundamental consideration in decision making. e) Improved valuation, pricing and incentive mechanisms should be promoted.

ECOLOGICALLY SUSTAINABLE DEVELOPMENT. The IAR must describe how the following principles of ecologically sustainable development have been applied in the MNES Plan: a) : Decision making processes should effectively integrate both long-term and short-term economic, environmental, social and equitable considerations. b) . If there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation. c) . The principle of inter-generational equity – that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations. d) . The conservation of biological diversity and ecological integrity should be a fundamental consideration in decision making. e) . Improved valuation, pricing and incentive mechanisms should be promoted.