Pollution and economic growth directly related
The story first appeared in The Times of Bennett a student-led initiative of the Times School of Media
By Yash Yadav.
The global slowdown triggered by the pandemic has many dimensions. But a silver lining is now being pointed out by Economists.Economic slowdown also slows down global emissions. This is good for the environment argues, Mohit Srivastava, currently an Economics teacher, at Lucknow’s at G.D Goenka Public School.
Srivastava, who has been teaching school children for the last twenty years spoke at length with ToB about the interrelation between pollution and economic growth.
“when we talk about economies around the globe be it strong economies like USA or developing economies like India, the building block are same. It is the industries- mainly petroleum.’
Why petroleum mainly you ask? Answer to this simple. ‘Every industry needs some form of fuel for support. Petroleum happens to be the most common. The downside to this is, ‘ It increases the carbon footprint of industries. This is the biggest factor that accounts for increasing pollution”, said Srivastava.
The economic slowdown which has been shown by the negative GDP of India set-off alarm bells in the government. This is one of the big reasons why lockdown was lifted. ‘The aim was to get industries started and economy moving.’
“Of course, economic development and increasing population are interrelated. ‘I would say they have a direct relationship with one another, and it is visible over the decades. ‘
Carbon emissions have risen over the year’s due industrialisation. But there is a pattern observed by various economists. Whenever there is an economic crisis the carbon emissions drops’. The best example was the first and second oil crisis in the 1970- 80s, disintegration of USSR, the Asian financial crisis, the Global Financial crisis of 2008 and now the COVID-19 which has led to depression in global economies.” Mohit said.
(The report has been written by Yash Yadav, a first year student of BA ( Journalism and Mass Communication) of The Times School of Media)
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By Yash Yadav.
The global slowdown triggered by the pandemic has many dimensions. But a silver lining is now being pointed out by Economists.
Srivastava, who has been teaching school children for the last twenty years spoke at length with ToB about the interrelation between pollution and economic growth.
“when we talk about economies around the globe be it strong economies like USA or developing economies like India, the building block are same. It is the industries- mainly petroleum.’
Why petroleum mainly you ask? Answer to this simple. ‘Every industry needs some form of fuel for support. Petroleum happens to be the most common. The downside to this is, ‘ It increases the carbon footprint of industries. This is the biggest factor that accounts for increasing pollution”, said Srivastava.
The economic slowdown which has been shown by the negative GDP of India set-off alarm bells in the government. This is one of the big reasons why lockdown was lifted. ‘The aim was to get industries started and economy moving.’
“Of course, economic development and increasing population are interrelated. ‘I would say they have a direct relationship with one another, and it is visible over the decades. ‘
Carbon emissions have risen over the year’s due industrialisation. But there is a pattern observed by various economists. Whenever there is an economic crisis the carbon emissions drops’. The best example was the first and second oil crisis in the 1970- 80s, disintegration of USSR, the Asian financial crisis, the Global Financial crisis of 2008 and now the COVID-19 which has led to depression in global economies.” Mohit said.
(The report has been written by Yash Yadav, a first year student of BA ( Journalism and Mass Communication) of The Times School of Media)
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