Environmental Economics explains the way we balance the short-term economic consequences with long-term environmental consequences. It concerned with the impact of the economy on the environment. In other words, environmental economics is the relationship between the economy and the environment. Extraction and use of natural resources, and the waste products returned to the environment, all these affect the environment, which we live. At the United Nations Conference of Sustainable Development, some policy measures discussed to reduce the wasteful ways of natural resources.

in two paragraphs discuss the solutions given to reduce the wasteful ways of natural resources to promote a sustainable economic growth.