Environmental protection

When it comes to economic growth these days, people often point out that it must be sustainable or "green growth." Today, when the world is facing the harmful consequences of global warming and depletion of resources, environment conservation has become a topic of global significance, not just an issue with local importance. The matter is of paramount relevance in a developing economy like ours, as environment degradation drastically offsets improvements achieved by economic prosperity, apart from having serious implications for distributive justice. More awareness & sensitivity towards the environment is the key to environmental conservation. Nations are losing more from pollution than they are gaining from industrialization. China is a perfect example. Twenty years of uncontrolled economic development have created serious, chronic air and water pollution. This has increased health problems and resulted in annual losses to farmers of crops worth billions of dollars. So uncontrolled growth is not only bad for the environment, it is also makes no economic sense. Rapid industrialization does not have to put more pressure on the environment. Scientific advances have made industries much less polluting. And developing countries can learn from the environmental mistakes of the developed world's industrial revolution, and from more recent disasters in communist countries such as China and the USSR.