Asian economic growth is environmentally unsustainable, UN says

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Asia’s economic growth rates of as much as 10 percent are causing pollution, stripping forests, depleting fisheries resources and causing other unsustainable environmental losses, a senior United Nations official said. Asia’s economic growth rates of as much as 10 percent are causing pollution, stripping forests, depleting fisheries resources and causing other unsustainable environmental losses, a senior United Nations official said. Delegates from 53 countries opened a six-day conference on the environment and development in Seoul yesterday to hear a warning from Kim Hak-su, the executive secretary of the UN’s Economic and Social Commission for Asia and the Pacific, who said the economic growth that has lifted millions out of poverty has come at a price.

“We need a new paradigm, a balance of economic growth and ‘green growth’,” Kim said in remarks from the opening speech yesterday that were carried on the UN’s news service today. “We cannot continue with a ‘grow first, clean up later’ policy.”

Asia has the world’s fastest growing major economies, led by growth of as much as 9.5 percent in China, the world’s most populous nation. Many Asian countries have resisted environmental controls on industries in favor