Balancing Economic Growth and Environmental Sustainability in Urban Areas: An Economic Approach

Abstract:

Urban development is an objective and irreversible consequence of scientific and technological progress, the result of which is manifested in a change in the urban environment. In this paper, “Balancing Economic Growth and Environmental Sustainability in Urban Areas: An Economic Approach” in consideration of ecosystem services were built for evaluating urban systems’ sustainability performance The advancement of monetary movement over the long run, from the perspective of the economy, is entirely beneficial, yet the development underway volumes are described by a significant level of an anthropogenic effect on the climate. In such a situation, it is quite difficult to prioritize. Analysis of the ecological-economic state of urban areas, their organization and use, reveals that in the modern conditions of the city's existence, the rational use of urban landscapes is acquiring new dimensions. In this regard, to ensure sustainable development of urban areas, it is necessary to consider and assess both the economy concerning the natural environment and the economy. This work provides valuable insight into urban systems’ social, environmental, and economic performances, helping decision makers with urban development, especially when the decisions need to be made regarding sustainability. This work provides valuable insight into urban systems’ social, environmental, and economic performances, helping decision makers with urban development, especially when the decisions need to be made regarding sustainability.