Cost of environment

Former Finance Minister Yashwant Sinha on Tuesday blamed Congress leader and union minister Jairam Ramesh as being “singularly responsible for shaving off 2.5% of the GDP” by not giving environmental clearance to projects during his stint as the environment minister, escalating the war of words between the two.
via ET

Mr. Sinha should understand that economy is not everything. If at all protecting environment costs so much of GDP indirectly, even then it is okay. Perhaps we should provide 2.5% of GDP to protect our environment, and that would ensure it will remain for posterity.  The rampant rape of environment in form of various “developmental” projects and its toll on the flora and fauna is something that needs to be stopped. For example consider the illegal and legal mining in Goa and its impact on the fragile ecosystem there. Ramesh had a choice, and he exercised it. How many ministers do that? If the environment ministry will itself not worry about the environment then who will? Sinha in criticizing Ramesh seems to have forgotten this basic fact. Otherwise what is the reason for the Environment ministry to exist? For there are certain things that cannot be equalized in terms of money, and our flora and fauna is one of them. Mr. Sinha should understand that extinction is forever, no amount of money can bring back lost species or lost ecosystems. But people who are corrupted by lure of money at any cost (to environment and other people) will not understand this. Even if they do, their priorities are set by the bottom line, which is money.