Johnny Ch Lok

Environmental Pollution Causes Economic Or Social Losses Johnny Ch Lok

Explaining how countries can reduce environmental pollution and can raise economic growth at the same timeWhy countries need to pollute environment to develop economy, such a need for industrialization related environmental degradation in the course of economic development. A country needs and chooses to achieve industry production it can raise technological advancement and adopt technologies, which are substantially less polluting than the technologies used by countries which industry in the past. The environmental development trade off might have existed historically. But it is not bad to developing countries to scarce environment quality for industry development. Nowadays, different countries' governments need to concern how to reduce environmental pollution and to raise economic growth at the same time. In fact, human are facing these challenges, such as energy crisis is from 1970 year is precipitated by oil price jumps, market failure in allocation of environmental resources. At the same time, human are also facing economic development that meets the needs of the present without compromising the ability of the future generations to meet our own needs. Due to natural resource is limited to be supplied in the future, industry needs manufactured, human and natural is left undiminished, so this needs restricting consumption to save natural resources for asset creation and conservation and protection of the natural environment. Efforts and indicators for monitoring sustainability indicates the environmentally adjusted national income or Green Domestic Product (GNP)=NDP less depletion of natural capital-environmental damage and green national accounts indicates degradation of environmental capital is like depreciation of man -made capital. Hence, it implies environmental pollution is a damage cost to any countries. Hence, if the country can reduce or avoid the environmental pollution, then its environmental damage cost will not influence its GDP (Green Domestic Product) income amount indicator to be reduced for the country's national income in the year.