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[

] 29

E

nvironment

:

legal

and

ethical

issues

Fundamental qualities such as honesty, moderation and compas-

sion lie at the heart of oriental wisdom, as achieved through mental

cultivation. It has proved successful in bringing about sustainable

development. More importantly, a successful environmental endeav-

our such as GHG mitigation can be harnessed to happiness. However,

it is essential to note that we would not want to neglect the need to

pursue mainstream solutions such as technology and institutional

re-arrangements; it is feasible and necessary for the human mind to

simultaneously curb its greed and reinvestigate the concept of collective

interests and morality.

Global environmental crises in the areas of food security, energy,

finance and climate reflect the neo-liberal economic system and

ensuing unsustainable development; a paradigm shift is therefore

needed. The important proposal for a ‘green economy’ has become

part of the world agenda for the United Nations Conference on

Sustainable Development (Rio+20).

Given the different socioeconomic and environmental contexts

worldwide, as well as differing levels of development, conceptually

it is appropriate that each country determines its own definition,

attributes and components of the green economy to be compat-

ible with its own local context. However, in the globalized era, all

countries are connected by a web of interactions, especially through

international trade. Therefore, it is necessary to build a common

understanding of the green economy as a new para-

digm of development that rearranges economic growth

as one of the key pillars in sustainable development and

supports the social system. This model must be pursued

along with human beings’ spiritual development, as

illustrated in the practical examples mentioned earlier.

This is an approach to ‘sustainable consumption’ in

both developed and developing countries, as requested

and indicated in a document entitled The Future We

Want for Rio+20.

With regard to building an institutional framework for

sustainable development, it is important to take into account

not only the international level under the United Nations

structure, but also the interconnections between interna-

tional, regional, national and sub-national levels, including

local communities and local administrative organizations,

which will lead to the establishment of a new institutional

framework which is not state-centred. The objective that

GSEI has emphasized in its research and experimentation is

the building of collaboration in the formof a public-private-

people partnership for social innovation. This includes

oriental wisdom and working towards climate change miti-

gation and a green economy for sustainable development.

Buddhist teachings and oriental wisdom lead to a more balanced way of life

Image: GSEI