Following are the policies for sustainable development:
1. Reducing poverty:
The foremost policy is to reduce poverty. The projects with greater employment opportunities for poor should be started.
Investments in civic amenities e.g. supply of drinking water, sanitation facilities etc. will improve environment of country.
2. Removal of subsidies:
To reduce environmental damages, the subsidies given for use of resources as electricity, fertilizers, pesticides and diesel etc. should be removed. These subsidies lead to their wasteful use. These also generate environmental problems.
3. Market based approaches:
These is urgent need for adopting market based approaches for the protection of environment. They aim at pointing to the consumer and industries about the cost of using natural resources on environment. The market based instruments approach is the best policy. These instruments are in the form of environmental taxes which include pollution charges and user charges.
4. Economic incentives:
Economic incentives regarding price, quantity and technology can also help to greater extent. Incentives are usually giv6n in the form of variable fees to resource users for the quantity of pollutants in air, water and land use. They are given rebates if less waste or pollution is generated than the standards laid down by the Govt.
5. Public awareness:
Public awareness and participation are quite effective to improve environmental conditions. Formal and informal education programmes relating to environment management should be conducted. Public participation can render useful assistance in afforestation, conservation of wildlife, management of parks etc.
6. Participation of Global environmental efforts:
It is felt that participation in global environmental efforts can help to minimise damages made by degradation of environment. So efforts should be made to make agreements on environmental protection.
7. Trade Policy:
Trade policy stresses on the establishment of less polluting industries away from the cities and the use of environmental friendly processes for polluting industries by adopting cleaner technologies.