Passage Based Questions: Logical Reasoning - 7 | Passage Based Questions for CLAT Preparation PDF Download

Directions: Read the following passage and answer the questions.
In nature, everything is connected. This is equally true of a healthy economy. We cannot sustain life without taking care of nature. And we need healthy economies to lift people out of poverty and achieves the United Nations Sustainable Development Goals.
In our current model, these goals seem to collide and our economic pursuits encroach too closely on nature. But nature is what makes industry possible. We cannot have human development without a healthy natural world.
The bottom line is that when we damage the natural world, we damage ourselves. Our growing economic footprint threatens our own future. With the projected rise in ocean levels and the average temperature of the planet, large swaths of land, even whole countries, will become uninhabitable, triggering mass climate-induced migration.
Since the natural and economic worlds are linked, similar principles apply to both. In the financial world, we would not eat into capital to the point of depletion because that would bring financial ruin. Yet in the natural world, we have done this repeatedly. We must treat the natural world as we would the economic world-protecting natural capital so it can provide benefits well into the future.
We can ensure that the price of fossil fuel energy reflects not only production costs but also environmental costs. We must eliminate energy subsidies that encourage new fossil fuels or promote overuse and waste. IMF research found the implicit global subsidy from undercharging for energy and its environment costs in 2017 was a staggering $5.2 trillion, or 6.5 percent of world GDP.
The private sector can stop supporting industries that damage the planet and instead invest in sustainable development. Governments can roll out policies to fight climate change and the destruction of nature, for example, through promotion of clean-technology research.