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Econimc Growth without Environmental Damage - Essay Example

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Name: Professor: Institution: Course: Economic Growth without Environmental Damage Every country whether developed or developing is faced by the problem of preserving its environment while pursuing economic growth. The unplanned for sudden emergence of industries and the increase in trade can result into a major degradation of the environment…
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Econimc Growth without Environmental Damage
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Download file to see previous pages However, action has to be taken immediately due to what happened in the past. Nevertheless, it does not matter at what stage of economic growth the country is at that moment. It has since been proven, as it will be seen later in the text, both economic growth and environmental conservation can run con-currently. Moreover, this occurrence has the ability to benefit economies financially and with greater gains than before if properly executed. The first and foremost way to deal with this situation is proper planning for the eventualities of economic growth. Since experience has given important lessons of what could happen if economic growth is not monitored, it is therefore, sensible to use this knowledge as an advantage. Planning for the environment should coincide with when policies for economic growth are made. Therefore, the tendency to pursue economic growth blindly without environmental policies and only clean up after it becomes affordable is avoided (Clapp & Dauvergne 352). Countries should start concentrating on exploiting renewable sources of energy. This is especially for countries that have achieved considerable economic growth without regards to its effect to the environment. It will ensure continuing economic growth while environmental damage is greatly reduced (Vollebergh 34). For many countries and governments, this may be most convenient way and at times the only way to salvage the situation. Since the reality is that, many nations lack the financial ability to take a step towards environmental conservation at the expense of the economy. The message of sustainable development should be spread everywhere. It is natural that many governments will not be willing to tell its people to stop doing things that give them money as producers or pleasure as consumers (Sackman 50). However, by letting people understand the logic behind this idea, it will enable them to understand the connection between population growth, economic growth and environmental degradation in that respect other than individually. The impact may not be drastic but will sink in with time and with experience. Consequently, people will be willing to sacrifice themselves in whatever way for the conservation of their environment, which in reality determines their comfort and better yet, their longevity. The quickest way to reduce environmental degradation is through public and private partnership through investing in research, development expenditure and human capital skills (Pearce & Barbier 32). The private sector has played a fair share and can even be said to have collaborated in destroying the environment as the government endeavored to create favorable conditions for investment so as to stir economic growth. It is also economical for economies that are not stable enough to initiate and sustain environmental programs before revenue begins to flow in again. The partnership should enable investment in technology that remedies or assists in remedying the current environmental situation in the world. There is also need for Technological innovation, invention and advancement that can assist in avoiding long and expensive procedures. However, it does not go unnoticed that there are some steps that have been made towards this direction. There are windmills and solar panels that enable large-scale harnessing of wind and solar power respectively; genetically modified crops, manufacture of environmental-friendly cars that use ...Download file to see next pagesRead More
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