Describe the concept of intergenerational equity.

Describe the concept of intergenerational equity.

Intergenerational equity refers to the fair and just distribution of resources, benefits, and costs between different generations. It emphasizes the idea that present generations should not compromise the ability of future generations to meet their own needs and enjoy a sustainable environment. This concept recognizes that the actions and decisions made by current generations can have long-lasting impacts on the well-being and opportunities of future generations. It calls for responsible and sustainable economic development that takes into account the needs and rights of both present and future generations.