Faustian bargain: Economic growth and the Environment
Some interesting stats coming from a recent article in the Sydney Morning Herald.
Fewer than one per cent of the 500 largest cities in China meet the air-quality standards recommended by the World Health Organization. Seven are ranked among the 10 most-polluted cities in the world, according to a 2012 report by the Asian Development Bank.
The Chines government and people made the Faustian bargain between economic growth and the environment for over 3 decades. This arrangement is now being questioned as the Chinese middle class are looking at growth not only from a quantity but also a quality perspective.
Why now? It hard for people to ignore the impact of the two statistics sited here.
Full article here.