Our only abode – the Earth — is understood to be facing a serious crisis of survival. In the process of evolution, the human race has reached a stage when,armed with the prowess of science and technology, it has considerably transformed our living environment.The mindless ‘developmental’ spree across the globe is now seriously threatening our fragile essential ecological processes. It seems the humankind is facing one of the biggest tests for striking a judicious balance between developmental needs and environmental imperatives. Ironically, much of the development in the world today does not appear to be sustainable. It is based upon squandering of our ‘biological capital’—soil, forests, animals, plant species, water and air. Even many of our economic, monetary, and trade policies in sectors such as energy, agriculture, forestry and human settlements tend to induce and reinforce development patterns and practices that are non-sustainable. Ironically, some patterns of development have improved environmental conditions while others have only tended to degrade them—sometimes irreversibly.