Student Law Review Issue 1 | Page 42

consequently environmental sustainability is a key objective of economic development planning. This policy assures that economic development is not undermined by the unsustainable use of environmental assets. The objectives of the Environmental Management Act, 2000 are as follows: (a) Promote and encourage among all persons a better understanding and appreciation of the environment; (b) Encourage the i ntegration of environmental concerns into private and public decisions; (c) Ensure the establishment of an integrated environmental management system in which the Authority, in consultation with other persons, determines priorities and facilitates coordination among governmental entities to effectively harmonise activities designed to protect, enhance and conserve the environment; (d) Develop and effectively implement written laws, policies and other programmes for and in relation to – i. The conservation and wise use of the environment to provide adequately for meeting the needs of present and future generations and enhancing the quality of life; ii. The Government’s commitment to achieve economic growth in accordance with sound environmental practices; iii. The Government’s international obligations; and (e) Enhance the legal, regulatory and institutional framework for environmental management. Sustainable development is the overlying theme in the NEP and EMA objectives. In Principle 3 of the Rio Declaration, sustainable development is defined as an increase of a country’s wealth production, that is, its gross income, which does not entail parallel reduction or degradation of its natural capital. Natural capital is the sum of all kinds of ecosystems into which living and physical systems organize themselves. This economic and human development must be in accordance with sound environmental practices as stated in the EMA’s objectives. It is clear that it is the environment that provides this economic growth. Trinidad and Tobago’s most profitable export is oil and the environmental consequences of producing oil are substantial. The question is that with the economic goals of the Caribbean, is sustainable development possible? In The 38