In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
In this fatwa:
1- The purpose of udhiyah is to feed the poor with the meat which is way of bringing happiness to them.
2- If you feel that we overeat animals in the West, look for those other countries in which you can donate meat and it is very useful for the people there.
Dr. Jasser Auda, answers your question in this video:
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