India No 2 in natural resource extraction, causing adverse impact on environment: UNEP

A recent report by the United Nations Environment Programme (UNEP) and the International Resource Panel (IRP), “Global Resources Outlook 2019: Natural Resources for the Future We Want”, has raised the alarm that 10 economies across the globe, including India, are responsible for over 68 per cent of global extraction of resources today.
Expressing serious concern that more than a third of all materials in 2017 were extracted in China, the report states, the country is “followed by 7.6 per cent in India and 7.1 per cent in the United States.”
At the same time, the report says, while Europe “generates 20 per cent of the global resource-related value added, impacting just 5 to 10 per cent on the environment, India’s resource-related value-added in 2017 was just 4 per cent, but its environmental impact was as high as 7 per cent.
The report comments, “This inverse pattern of domestic resource-related value added and environmental impacts may be a sign of varying environmental standards, but may also indicate the unequal distribution of resource-related benefits and impacts. This is reinforced by international trade, as discussed above.”

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