Impact Of Global Recession On Sustainable Development And Poverty Linkages
Source: Asian Development Bank Institute
The global financial crisis and the resulting economic slowdown may be assumed to have at least the benefit of also reducing environmental degradation in the individual countries. This paper discusses the consequences of the crisis for energy use, pollution prevention, and land use in Asia and the associated emissions of greenhouse gases - the principal global warming pollutants - as well as their linkage with poverty. There are some short-term benefits to the global environment from the economic slowdown. Such benefits include reduction in the rate of air and water pollution from reduced energy use - which has direct implications for the urban poor's health.