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Environment And Economic Growth Go Hand In Hand In Denmark.

538 words - 2 pages

Growth which entails heavy costs to society inthe form of environmental degradation is notsustainable.The challenge for the future is tocreate systems which make environmental pro-tection a natural part of growth. Growth willneed to be based on careful use of materials andenergy at all stages, combined with a largercomponent of services and knowledge. Informa-tion technology will have an important part toplay.'Just as a policy to achieve growth musttake account of the environment, soenvironmental policy must pay due regardto growth,' says Stefan Nyström at theSwedish Environmental ProtectionAgency.'Environmental regulations andtaxes must be designed in such a way as toencourage growth, rather than hinder it.'The days when promoting sustainabledevelopment was a job for the environ-mental authorities alone are gone.We allshare a responsibility for the future: gov-ernment agencies, industry, organizationsand individuals.What is more, protectionof the environment is becoming more andmore important as a factor for growth andas a means of increasing market share, re-ducing costs and improving profits.According to the OECD, the environ-ment sector is growing at a rate of 5% ayear in the organization's member states,second only to the IT industry, which canboast growth of 8% a year.On the one hand, there are companiesworking specifically with environmentaltechnologies - what could be called'pure' environmental technology compa-nies - and, on the other, firms for whichenvironmental issues are an importantdriving force in process and product de-velopment - 'environmentally driven'companies.Some businesses are forward-looking,and are asking themselves where they willbe, say, 20 years from now. Shell and BPfor example - keen to stay in the runningon the energy market of the future - areinvesting heavily in the development ofsolar energy technology.Another trend is an endeavour bycompanies to reduce their consumptionof raw materials, while increasing the...

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