Economic planning for environmental conservation

By Kavya Nanda

Nowadays, one of the most concerning issues that are bothering our planet is environmental challenges. The government and the citizens as a whole are putting efforts to ensure an improved environment for the upcoming generation. Currently, the major concern is to safeguard the environment for ourselves as well as future generations.

Firstly, it is important to determine the need of preserving the environment. For instance, the initial costs of using sources of renewable energy are high. So developed countries must allocate more money in a bid to use renewable sources of energy, and contribute to developing countries. However, there is no essential equipment to use it.

Another great assertion is to erect as many green parks as possible, where families could have a chance to spend their leisure time inhaling freshness and slowing down the pace of stressful life.

Furthermore, the encouragement of recycling waste would not only save money on waste management but also make the results of annual plans more practical and accurate. However, poor countries should not be neglected in order to maintain the environment.

It’s important to note that if conservation will not take place today, there will be no planet left for future generations. That’s why some balanced approaches have to be used, especially by developed countries. Hence, economic planning should be done in a way that prioritises environmental conservation as the need of the hour.