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Ways to maximize SUD
Holistic policies
Maximising win-win (manipulate market forces + protect environment)
Reduce side effects of policies
How do holistic policies max out SUD?
Prioritises all 3 dimensions
Example of holistic policies
Singapore Green Plan: Consist of 5 pillars (City in Nature, Energy Reset, Sustainable Living, Resilient Future and Green Economy)
How do maximizing win-win (manipulating market forces + protect environment) contribute to SUD?
Makes investment for green projects more attractive
Example of maximizing win-win (manipulating market forces + protect environment)
Singapore; Certificate Of Entitlement (COE) for cars limit vehicle populations and reduce traffic related emission.
How does reducing side effects of policies maximise SUD?
Takes impacted stakeholder voices and needs into account
Example of reducing side effects of policies
Indonesia; Nestle committed to 100% sustainable palm oil sourcing after NGOs pressured them to adopt zero deforestation policies