There is a debate over the presence of economically prosperous society associated with an environmental sustainability, with some saying it is practically unthinkable and others arguing for the opposite. I personally believe that if the government encourages eco-friendly policies and green economy, an industrial growth can be combined with the clean environment.
Economic growth often requires industrial expansion and this development comes at the expense of greenery places, such as forests, parks and farmlands. When there is no adequate green areas which improve air quality by filtering pollutants, atmosphere may become worse. This is further fueled by carbon emissions belched out by factories as a result of manufacturing. China’s rapid industrial growth, for example, has caused significant environmental degradation.
Despite that, I assert that it is possible to develop financially without damaging ecosystem. Firstly, governments should enforce strict environmental regulations without compromising economic growth by incentivizing green industries. In other words, factories should be encouraged to build in the countryside, away from residential places, to prevent poor air quality. Singapore, where robust ecosystem is maintained while implementing strict environmental regulations, can be a pertinent example.
Furthermore, investing in renewable energy can reduce dependence on fossil fuels as well as creating new job opportunities. In other words, with the advancement in technologies, it is now possible to obtain energy from solar, wind and hydropower while the production of them requires extra workforce. It is also evident that companies which turned into eco-friendly practices, may attract environmentally conscious customers. For instance, Tesla’s focus on electric vehicles is both economically successful and profitable.
In conclusion, although the disappearance of farmland and parks in favor of building plants may result in initial public mistrust about the coexistence of economically stable and environmentally-friendly society, it is completely visible with eco-friendly policies. This is because sustainable practices, like enforcing environmental regulations along with implementing renewable energy initiatives, can boost countries’ economy.