The Rio+20 Conference reaffirmed that Sustainable Consumption and Production is a cornerstone of sustainable development. The well-being of humanity, the environment, and the functioning of the economy, ultimately depend upon the responsible management of the planet's natural resources. These challenges are mounting as the world population is forecast to reach 9 billion by 2050, with one billion people to be lifted out of absolute poverty and an additional 1 to 3 billion middle class consumers joining the global economy by 2030. The most promising strategy for ensuring future prosperity lies in decoupling economic growth from the rising rates of natural resource use and the environmental impacts that occur in both consumption and production stages of product life cycles.

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