Literature review
Environmental sustainability is the ability to maintain ecological balance in our planet's natural environment and to preserve natural resources to support wellbeing of current and future generation . It play a very significant role in life of human being .The basic aim of environmental sustainability is to improve the quality of human life without putting unnecessary risk on earth's surfaces supporting ecosystem . Following are the factor that influence the environmental sustainability . The factor include :
Microeconomic factor includes that influence environmental sustainability individual behavior such as consumption pattern , resource usages , investment decision . Firm's production method technology choices and adherence to environmental regulation also play a crucial role . On macroeconomic factor that influence environmental sustainability are government policies , trade agreement , remittance , foreign direct investment , taxes policies government expenditures economic growth . So these are the factor that influence sustainability .
From these factors growth is the main factor that influence the environmental sustainability . The relationship between economic growth and environment is complex and multifaceted . while economic growth can cause to environmental degradation through increased in pollution , habitat destruction and resource depletion . It is very crucial for healthy environment for sustaining long term economic growth . Because when the economy start developments setting new industries , machineries and infrastructure so its not good for healthy environment . So sustainable development seeks to balance economic growth with environment conservation to ensure future generation that met their needs . Therefore symbolic relationship between environment with economic growth is necessary for long term sustainability .
The relationship between environment and remittance is very complex . Remittance influence a receipt economy in diverse way .One one side remittance can reduced the poverty it can improve gdp and financial condition in the economy . . On the otherside remittance can impact negatively on economy through appreciation real exchange rate lowering labor market participation and fueling the inflation rate . It can also lead the environmental degradation through increasing purchasing power of household when the purchasing power increases the household can consume more by purchasing automobiles . So that automobiles can cause environmental pollution by emitting CO2 .