Environment and Inclusive Growth: Concerns and Solutions

Abstract

The ecology and all of its components are suffering greatly as a result of the unchecked speed of development. At this rate, environmental degradation will have an impact on humanity and associated fields. In order to prevent the consequences of expansion from pushing the environment into a situation from which it is incapable of recovering, there should be ongoing, earnest efforts made towards sustainable development. The three pillars of ecodevelopment are the environment, humanity, and economy. A stable growth rate is necessary to attain a just balance between these pillars. Since agriculture employs the majority of the population, it also has an impact on the balance of the ecosystem. Because every unplanned step towards progress puts us back in the environmental front, we must thus be mindful of the boundaries of environmental challenges in order to achieve equitable economic growth. The hope for sustainable development lies in decreased deforestation, greater food security, conservative agricultural practices, the use of biopesticides, and prudent use of natural resources. To be effective, environmental policy probably needs to employ a variety of tools, each addressing a distinct aspect of the issue and attempting to minimise redundancies and pointless regulations. Appropriately pricing environmental inputs facilitates sustainable resource provision and use management. Long-term corporate investment in new technology and innovation is encouraged by a consistent and clear environmental policy, which also increases investment certainty. Environmental and economic success are interdependent. Economic activity and advancement depend on the natural environment because it provides the resources needed to produce goods and services and because it processes and absorbs waste and pollution, which are unwanted byproducts. This paper focuses on how environmental assets assist control risks associated with social and economic activities, flood risks, local climate regulation (temperature and air quality), and the availability of clean water and other resources.