Week 13 Journal Sustainable growth, sometimes referred to as sustainability, was defined by the Brundtland Commission (World Commission on Environment and Development, 1987) as Economic Growth that “meets the needs of the present without compromising the ability of future generations to meet their own needs.” For decades, GDP and growth in GDP were widely accepted as the measure of economic and well-being. However, this growth has also been accompanied by increased damages to the socio-economic systems. The notion of sustainable growth is a topic high on the international policy agenda, especially given the rise of China, India and other developing countries whose use of the world’s resources increases significantly each year. The major problem for developing countries focus on sustainability is the cost of slowing down development process and loses the opportunity of becoming convergence with the mainstream economy. It is still being discussed whether or not the tradeoff between sustainability and development is a cost worth making. Economic sustainability is dependent on the following conditions; 1) the rate of decline of non-renewable resources, 2) the excess rate of harvest of renewable resources, 3) the assimilative capacity of nature to absorb waste and, 4) pollution reducing technology and capital1. According to Stern’s review paper, the benefits of strong, early action on climate change can outweigh the costs in the development process as the “next 10 or 20 years can have a profound effect on the climate in the second half of this century and in the next.”2 Greenhouse gas emissions from developing countries will likely surpass those from developed countries within the first half of this century, highlighting the need for developing countries to reduce the risk of climate change. Within Stern’s review, he has pointed out and described the benefits of three