In: Economics
Why is the county of Bhutan able to be a carbon sink; can other countries adopt its practices?
Assess what you think the impact is on Bhutan and attracting international business?
Please provide at least 200 words.
Other countries should make Bhutan a role model in how the small
Eastern Himalayan country become one of the greenest and nature
friendly country in the world. The eco-friendly country teach the
world how to manage the carbon emission. Bhutan is a carbon
negative country (emits more carbon from atmosphere than it
release). While many other countries are struggling to manage their
carbon emission. The main source of electricity in the country is
hydropower. What else we can expect from a country which protects
environment by its own constitution. The most interesting thing is
that the constitution of Bhutan states that a minimum of 60% of
Bhutan’s total land should be maintained under forest cover for all
time.
Many countries, like U.K and etc. are studying how to implement the
policy of Bhutan in their countries to decrease carbon emission as
a step towards combating climate change. However it is not
necessary that the countries will success in making Bhutan a model,
because the people of Bhutan never wanted more industrialization in
their country.
However the Policy of Bhutan to protect the environment than
anything else made many negative impact as well. Their policy less
attracted multi-national companies and foreign investors. Due to
these policies the country is very less engaged in international
trade. But this might not be a real issue to the country that is
measuring the Gross National Happiness to measure progress instead
of Gross Domestic Production. The country is declaring that
happiness of people are the real wealth, not economic
stability.
PLEASE GIVE AN UP VOTE IF YOU ARE SATISFIED WITH MY ANSWER. LEAVE
FEEDBACK IN THE COMMENT BOX. THANK YOU!