FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by atdeane Yesterday at 11:29 pm

» Browns becomes world’s biggest tea exporter in deal with LIPTON
by sureshot Yesterday at 9:51 pm

» Colombo Stock Market: Over Valued against USD!
by ResearchMan Yesterday at 12:49 pm

» COCR IN TROUBLE?
by D.G.Dayaratne Mon May 06, 2024 9:31 am

» EXPO.N - Expo Lanka Holdings De-Listing
by eradula Tue Apr 30, 2024 3:21 pm

» Maharaja advise - April 2024
by celtic tiger Tue Apr 30, 2024 12:01 am

» Srilanka's Access Engineering PLC think and Win
by Dasun Maduwantha Mon Apr 29, 2024 11:40 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Fri Apr 26, 2024 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Fri Apr 26, 2024 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:38 am

» LOLC FINANCE PLC (LOFC.N0000)
by Beyondsenses Wed Apr 24, 2024 10:20 am

» SRI LANKA TELECOM PLC (SLTL.N0000)
by sureshot Wed Apr 24, 2024 8:37 am

» Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan Mon Apr 22, 2024 9:28 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Thu Apr 18, 2024 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

What can the private sector do for ecological sustainability?

Go down  Message [Page 1 of 1]

target1


Manager - Equity Analytics
Manager - Equity Analytics

https://web.mit.edu/urbanupgrading/urbanenvironment/issues/ecological-sustainability.html

Private enterprise as an environmental villain
Private enterprise, and industry in particular, has long been criticised for sacrificing the environment to the pursuit of profits. For many critics, the polluted industrial city symbolises this environmental disregard, with its factories consuming scarce natural resources, and then belching out smoke, pouring out liquid effluents, and dumping hazardous solid wastes. De-industrialisation and tighter environmental regulation in the North have greatly reduced these very visible symptoms of urban environmental degradation. In the South, however, there are many cities where uncontrolled industrialisation still causes severe air, water and land degradation. The resulting environmental damage is often blamed on the inherent greed of private enterprise.
Private enterprise as an environmental saviour
Defenders of private enterprise point out that the bulk of this industrial pollution comes from a comparatively small set of industries, and there is no evidence that these industries are less polluting when they are publicly owned. Moreover, given the right economic signals, the pursuit of profits can stimulate the search for cleaner technologies and production processes. A small but increasing number of private enterprises actually make their profits by helping others to improve their environmental performance. Even companies in polluting industries are beginning to try to change their image from environmental villains to partners in the search for environmental improvement. And there are business leaders who argue that well designed environmental standards can stimulate efficiency improvements and make firms more competitive. Indeed, pro-business publications often present the entrepreneurial drive of private enterprise as the key to environmental improvement.
Getting the best from the private sector
Both of the perspectives noted above have some truth. Ultimately, however, the private sector is neither the underlying reason for urban environmental burdens nor the solution. The key question is not whether but how the private sector can be made to contribute more to urban environmental improvement. 
Moving towards sustainable industrial production
Environmentalists often advocate a holistic approach to environmental risk management that takes into account all of the environmental burdens associated with every phase in a product’s lifecycle, and generally favors changes in the production process over end-of-pipe measures, containment, dispersal or remediation. In the affluent North, cleaner production is often promoted as a means of achieving environmental sustainability without undue sacrifices in consumption. In the South, where much of the population needs more rather than less consumption, cleaner production holds out the hope of achieving a shift towards greater economic efficiency and higher production levels, while also keeping down environmental burdens. As with pro-poor public-private partnerships, however, this hope will not be easy to realize.
As indicated in the table pollution control and increased efficiency are themselves only two steps on the way to what many environmentalists would be willing to call sustainable industrial production. More radical visions foresee a time when firms will be engaged in lifecycle management, cities will promote eco-industrial estates, and nations will take an integrated approach to pollution control. Some even look forward to a time when emissions will be negligible and producers will be responsible for all of the environmental consequences of their actions. 
 
Four steps to sustainable industrial production in cities
 FirmCityNation
Step 1: ControlEnd-of-pipe technologyRelocationEnd-of-pipe regulation
Step 2: EfficiencyCleaner productionCollective environmental servicesEnvironmental assessment
Step 3: InstitutionalizeLife-cycle environmental managementEco-industrial estatesIntegrated pollution control
Step 4: RestructureZero emissionsCarrying-capacity planningExtended producer responsibility
 
In many cities, one of the first steps towards improving urban ambient environments is to target the major polluters and their most harmful pollutants. Improvements can generally be verified with relatively inexpensive ‘end-of-pipe’ monitoring and on-site inspections. A common second step is to require environmental impact assessments for potentially polluting industries. Both of these steps are more likely to be effective when accompanied by a more systematic monitoring of the urban environment, including concentrations of selected air and water pollutants at selected sites within the city. This can serve not only to inform government and industry but can help to engage a wider public in discussions of pollution problems.

The table following summarizes the environmental impacts of several of the worst offenders. Many of these industries tend to be concentrated in urban areas, and often they account for a large share of industrial pollution. 
 
Environmental impacts of selected industries
SectorAirWaterSoil/land
Chemicals (industrial inorganic and organic compounds, excluding petroleum products)Many and varied emissions depending on processes used and chemicals manufactured
Emissions of particulate matter, SO2, NOX, CO, CFCs, VOCs and other organic chemicals, odors
Risk of explosions and fires
Use of process water and cooling water
Emissions of organic chemicals, heavy metals (cadmium, mercury), suspended solids, organic matter, PCBs
Risk of spills
Chemical process wastes disposal problems
Sludges from air and water pollution treatment disposal problems
Paper and pulpEmissions of SO2, NOX, CH4, CO2, CO, hydrogen sulphide, mercaptans, chlorine compounds, dioxinsUse of process water
Emissions of suspended solids, organic matter, chlorinated organic substances, toxins (dioxins)
 
Cement, glass, ceramicsCement emissions of dust, NOX, CO2, chromium, lead, CO
Glass emissions of lead, arsenic, SO2, vanadium, CO, hydrofluoric acid, soda ash, potash, specialty constituents (e.g. chromium)
Ceramics emissions of silica, SO2, NOX, fluorine compounds
Emissions of process water contaminated by oils and heavy metalsExtraction of raw materials
Soil contamination with metals and waste disposal problems
Mining of metals and mineralsEmissions of dust from extraction, storage and transport of ore and concentrate
Emissions of metals (e.g. mercury) from drying of ore concentrate
Contamination of surface water and ground water by highly acidic mine water containing toxic metals (e.g. arsenic, lead, cadmium)
Contamination by chemicals used in metal extraction (e.g. cyanide)
Major surface disturbance and erosion
Land degradation by large slag heaps
Iron and steelEmissions of SO2, NOX, hydrogen sulphide, PAHs, lead, arsenic, cadmium, chromium, copper, mercury, nickel, selenium, zinc, organic compounds, PCDDs/PCDFs, PCBs, dust, particulate matter, hydrocarbons, acid mists
Exposure to ultraviolet and infrared radiation, ionizing radiation
Risks of explosions and fires
Use of process water
Emissions of organic matter, tars and oil, suspended solids, metals, benzene, phenols, acids, sulphides, sulphates, ammonia, cyanides, thiocyanates, thiosulphates, fluorides, lead, zinc (scrubber effluent)
Slag, sludges, oil and grease residues, hydrocarbons, salts, sulfur compounds, heavy metals, soil contamination and waste disposal problems
Non-ferrous metalsEmissions of particulate matter, SO2, NOX, CO, hydrogen sulphide, hydrogen chloride, hydrogen fluoride, chlorine, aluminum, arsenic, cadmium, chromium, copper, zinc, mercury, nickel, lead, magnesium, PAHs, fluorides, silica, manganese, carbon black, hydrocarbons, aerosolsScrubber water containing metals
Gas scrubber effluents containing solids, fluorine, hydrocarbons
Sludges from effluent treatment, coatings from electrolysis cells (containing carbon and fluorine), soil contamination and waste disposal problems
Coal-mining and productionEmissions of dust from extraction, storage and transport of coal
Emissions of CO and SO2 from burning slag heaps
CH4 emissions from underground formations
Risk of explosions and fires
Contamination of surface water and ground water by highly saline or acidic mine water Major surface disturbance and erosion
Subsidence of ground above mines
Land degradation by large slag heaps
Refineries, petroleum productsEmissions of SO2, NOX, hydrogen sulphide, HCs, benzene, CO, CO2, particulate matter, PAHs, mercaptans, toxic organic compounds, odors
Risk of explosions and fires
Use of cooling water
Emissions of HCs mercaptans, caustics, oil, phenols, chromium, effluent from gas scrubbers
Hazardous waste, sludges from effluent treatment, spent catalysts, tars
Leather and tanningEmissions, including leather dust, hydrogen sulphide, CO2, chromium compoundsUse of process water
Effluents from the many toxic solutions used, containing suspended solids, sulphates, chromium
Chromium sludges
 
SOURCE: Drawn from Table 2.3 in World Resources 1998-99 which, itself, was adapted from World Health Organization (1997), Health and Environment in Sustainable Development: Five Years after the Earth Summit, WHO, Geneva, Table 3.10, page 64.
 
There are known technologies that can at least eliminate the worst excesses. A number of factors can complicate industrial pollution control in Southern cities:

  • Industries tend to use ‘old’ technologies, competing on the basis of low labor costs rather than high technology.
  • Low-income residents often live in marginal areas, including near industrial sites.
  • Governments, including municipal governments, tend to prioritize economic growth, and are easily swayed by claims that environmental measures bear high economic costs.

Nevertheless, once the need to protect local residents from hazardous pollution is recognized, a great deal can usually be done at relatively low cost, provided the interests of all major stakeholders are taken into account.
Addressing highly dispersed pollution, and especially those from non-point sources, is generally more difficult. Moreover, the so-called end-of-pipe technologies favored in the early stages of pollution control often change the form of the pollution rather than eliminate it. Thus, for example, tall stacks merely displace air pollution over greater areas, while scrubbers remove pollutants from the air, often leaving a highly toxic sludge. Both technologies may reduce the exposure levels for local residents but neither provides a long-term solution. 
From a clean technology perspective, once the simple measures to reduce the most hazardous pollutants have been taken, the next operational pathway to environmental improvement is efficiency improvement. Material and energy efficiency is generally associated with lower environmental impacts and can often yield cost savings. Often, higher efficiency brings greater productivity along with waste reduction. At least superficially, cleaner production would seem to hold out the hope of increasing the production of marketable goods, while reducing the creation of environmental ‘bads’.
In practice, ecological efficiency and economic efficiency are not identical goals. In most cases, some groups will lose out when more ecologically efficient production processes are introduced. In many cases ecological efficiency (or, for that matter, economic efficiency correctly defined) is not economically competitive in existing markets, and requires tighter regulation and stronger economic incentives, as well as a willingness on the part of both private enterprises and the government to take environmental costs seriously. In some cases, forcing industries to adopt ecologically efficient technologies can cause severe economic disruptions. Good government regulation (both national and local), public-private partnerships and selective pressure from civil society are all needed to help ensure that the choices made reflect the public interest, and not merely those of the most vocal or powerful stakeholders. They are particularly important in poor cities, where the vulnerability to environmental hazards is high, but economic disruptions from heavy-handed regulation can also cause severe hardship.
 

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum