‘The world is facing a natural resource crisis worse than the financial crunch’
The world is gripped by the largest financial crisis ever. But the thing that is shocking the world at present is that the natural resource crisis is proving worse than the global financial crisis. We are using up the earth’s resources very fast; and as a result, we are heading for an ‘ecological credit crunch’. Pollution and more consumption of the natural resources are adding to this problem, because over consumption and pollution are growing faster then technology can support. If nothing changes, it is predicted that by 2030, mankind would need two planets to sustain its lifestyle.
Natural resources crisis has a long term effect as compared to the financial crisis. A report says:
Humans are using 30 percent more resources than the earth can replenish each year, which is leading to deforestation, degraded soil, polluted air and water. Dramatic declines have been noted in the numbers of fish and those of other species. As a result, we are running up an ecological debt of $4tr (£2.5tr) to $4.5tr every year, roughly double the estimated losses made by the world’s financial institutions as a result of the credit crisis.
To sum up, lesser use of natural resources and emphasizing more on the use of renewable resources can make way for the world to ‘go green’.