Environmental Kuznets Curve

Aug25 2009 // By: RESCUE GREEN // Categories: Sustainability, Economics and Finance No Comments

The controversial Environmental Kuznets Curve (EKC) theory states that as countries continue to grow economically and per capita income increases environmental degradation will peak and then decrease. Thus, giving the curve the “inverted u-shape”. As Leigh Raymond states in his paper “Reconsidering the Environmental Kuznets Curve”, “this would mean countries can ‘grow’ their way economically out of their environmental problems,” however there are several downsides in using economic growth as environmental policy.