Economic growth v/s climate change

 Economic growth v/s climate change


  1. What is Economic growth and climate change

  2. Why these are inversely proportional

  3. How can we make their inverse proportion very low

  4. Agriculture

  5. Tribal and Biosphere [E.F Schumacher]

  6. Overcrowding

  7. Cap and Trade


Economic growth v/s climate change


When the GDP and per capita income increases, it raises the national economy. This process is usually known as economic growth. But due to incompleteness in the study of economic growth, it is constantly harming environment as green house gases, pollution and melting of icebergs is proliferating, though environment helps in economical growth by giving its belongings like fossil fuels and petroleum.

The main factors for climate change by economical growth are-

  • Mining: As mining destroys biodiversity, which causes global warming, less purification of atmosphere, less rain and many more things.

  • Agriculture:   soil fertility, soil erosion, deforestation and ground water depletion are the factors which commence climate change.

  • Industry:  industry mainly pollutes every aspects of environment. Thus, it helps in cataclysm.

  • Economical growth concept: It is a major reason for climate change as this concept isn’t an efficient way to see the world because; it doesn’t give values to everything. For example, environmental services like filtration of water, intake of carbon dioxide by trees, time taken by nature to generate fossil fuels and petroleum and many other resources. 

Now what are the solutions for these problems?

  • So, for mining problems, we are creating biosphere reserves which help in conserving biodiversity.

  • In agricultural issue, scientists are trying to create best combination of manure and fertilizers. New methods like crop rotation helps to minimize soil erosion, Afforestation and Reforestation are being done.

  • And for industries, new regulation like “cap and trade” is introduced in which we give certain monetary values to pollution and if, someone creates pollution more than the limiting value then, they have to give penalty money to government.

  • At last for the major problem, economists has developed a new concept of green economical growth where “Green G.D.P” is used instead of G.D.P which actually gives certain monetary values to air, water, trees, pollution by industry, waste materials that we dump and many more. Practically, we can’t give monetary values to natural resources though it helps in maintaining climate. Also China and Westerns countries are trying to imply it. And we can see their results, pretty clearly as China is generating 57% of renewable energy and same goes for Germany, Switzerland and Greece.

Hence, we have to consider importance of environment as economical growth. Then we can make economical growth and climate change efficient.

Atlast,

“An attitude to life which seeks fulfillment in the single-minded pursuit of wealth - in short, materialism - does not fit into this world, because it contains within itself no limiting principle, while the environment in which it is placed is strictly limited.”

-ANIRUDDHA KUMAR

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