Ignoring the environment is bad economics
3 years, 11 months ago

Ignoring the environment is bad economics

Live Mint  

In hindsight, India’s tryst with liberalization came only a few years after a pivotal but increasingly forgotten moment in the world’s environmental history, the Bhopal Gas Tragedy of 1984. It developed a feeble framework to protect ecology and people; environment remained a mutable variable of India’s economic policy, appended to its corporate growth. Our deteriorating environment—abysmal air quality, toxin-laden water, vanishing forests and rivers, persistent cycles of epidemics and reducing productivity of farm soils—is quickly accepted as a ‘new normal’. Funds tied to ‘reverse’ environmental damage like District Mineral Fund, CAMPA and the Auto Cess Fund, among others, are flush with money, but the government clearly lacks imagination and the competence to use it for good. What is missing are large national movements like Narmada Bachao Andolan and Chipko to protest against the government’s poorly conceived policies and terribly executed projects like broadening highways, proposed interlinking of rivers, mega-energy plants or compensating the destruction of virgin evergreen forests in the Andaman Islands with afforestation in Madhya Pradesh.

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