A number of human activities are degrading our natural capital. Deforestation for timber is one such activity and is a potential cause of soil erosion, apart from loss of habitat for various species. Over-exploitation of our water resources is resulting in drought conditions in several regions of California. Increasing consumption of fossil fuels for our energy demands is causing global warming through release of greenhouse gases. This is apart from the loss of our fossil fuel reserve, which takes millions of years to form, thus resulting in loss of natural capital.
Environment cost tax levied upon all items and services may not be the right solution, as the businesses are likely to pass it to the consumers and this may result in decreased consumption and possible unemployment. This may save some of our natural resources, but at a social and economic cost. But, we must debate among ourselves about the acceptable social and economic costs to save the natural resources, so that our future generations are left with some of these resources. Saving the environment, even at some cost and losses, has to be our priority.
Population increase, technological advances and greed are some of the reasons pushing the exploitation of our resources. Increasing population means more demand, technological advances have eased the exploitation process and the greed of human beings is pushing us further and resulting in environmental damage. One potential and sustainable solution is awareness of masses towards environment is needed. This can be started at school level, teaching our kids on the importance of environment and how sustainable resource consumption can be beneficial to all of us. Similar programs geared towards other segments of our population, possibly through local libraries, etc. can be helpful.
Hope this helps.
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