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What are the initiatives from the government for sustainable economic growth including environmental aspects?

What are the initiatives from the government for sustainable economic growth including environmental aspects?

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Answer) Economic growth is a quantitative concept. Whereas development is a qualitative concept that takes into account the environment aspect. The Kuznet curve which is an inverted u shape curve depicts that in the initial stage economic growth leads to environmental degradation. However post tge turning point, economic growth and environmental consideration go one to one. This can be attained by:

  1. Enforcing the sustainable development goals of the unites Nations in spirit and letter.
  2. Such as goal 6 which is dedicated towards ensuring water for sanitation and hygiene.
  3. To curb pollution, carbon market has been created. In this market cap and trade method is used to limit the pollutants emitted by the industries
  4. Assigning property rights to community in order to safeguard natural resources like forest and lakes.
  5. Imposing taxes such as carbon tax in France to limit the affluent release by automobiles, construction, and aviation sector.
  6. More emphasis on renewable energy like solar, hydel, and wind. This was one of main points of Paris climate agreement of 2015.

All such measures are trying to promote sustainable development. So that the idea of inter generation equity can be fostered in the near future.

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