International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Balancing Sustainability and Social Equity

Author(s) Parin Chanana
Country United States
Abstract Urban rezoning policies are increasingly designed to promote environmental sustainability, yet they often inadvertently exacerbate social inequalities. This paper examines the unintended consequences of New York City’s 2023 “City of Yes for Carbon Neutrality” initiative, which, while addressing climate change, risks accelerating gentrification and displacing low-income Black communities. Drawing from the works of Joseph Stiglitz, Po Chu-I, and urban policy scholars, this study explores the broader ethical and socioeconomic tensions between green development and social equity. Findings indicate that urban sustainability initiatives frequently drive up property values, disproportionately benefiting affluent stakeholders while marginalizing vulnerable populations. This paper further evaluates potential solutions, including Community Land Trusts (CLTs), inclusive zoning policies, and Community Benefit Agreements (CBAs), assessing their effectiveness in mitigating displacement. The research underscores the urgent need for comprehensive policy approaches that balance environmental goals with social justice to create equitable and sustainable urban development.
Keywords Urban rezoning, sustainability, social equity, gentrification, displacement, green development, environmental justice, affordable housing, Community Land Trusts, inclusive zoning, Community Benefit Agreements, urban policy, rent-seeking, property values, cultural identity.
Field Sociology > Economics
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-05
Cite This Balancing Sustainability and Social Equity - Parin Chanana - IJFMR Volume 7, Issue 1, January-February 2025.
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E-ISSN 2582-2160
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