The Economic Costs of Environmental Degradation: A Global Perspective

Authors

  • Prof. Amir Khan Department of Ethics, University of Tehran, Iran Author

Keywords:

Environmental degradation, economic costs, resource depletion, pollution, climate change, biodiversity loss, ecosystem services, economic valuation, sustainability

Abstract

The environment, far from being a free good, provides essential services upon which human welfare and economic prosperity depend. However, our increasing exploitation and disregard for these services lead to environmental degradation, which imposes significant economic costs across the globe. This article explores the multifaceted economic impacts of environmental degradation, from resource depletion and pollution to climate change and biodiversity loss. We examine the costs borne by individuals, businesses, and societies at large, highlighting the hidden and long-term nature of these burdens. Finally, we call for a shift towards sustainable practices and policies that value and protect the environment, recognizing its inherent worth and its crucial role in a healthy and prosperous future.

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Published

2020-12-31