OCTOBER 30 — In the recent Budget speech, the Prime Minister said it was highly inappropriate for institutions to sell strategic assets in order to make settlements. It is...
OCTOBER 30 — In the recent Budget speech, the Prime Minister said it was highly inappropriate for institutions to sell strategic assets in order to make settlements. It is obvious — sacrificing assets which generate income in the long term is a poor way to solve short-term issues. In the same vein, we must consider how we are managing the fundamental assets which our economy, and in fact our society and very lives depend on — our natural capital.
Our environmental deficit is growing, and we are seeing the consequences manifested in natural disasters. — Picture courtesy of Mazidi Abd Ghani:WWF-MalaysiaOur environmental deficit is growing, and we are seeing the consequences manifested in natural disasters. For example, excessive logging has weakened our forests’ ability to prevent soil erosion, leading to landslides and flash floods during heavy rain.
While WWF-Malaysia applauds the government’s RM563 million slope rehabilitation budget, it is worth noting that part, if not all, of this expenditure, might have been avoided if existing environmental regulations and guidelines had been adhered to. Stricter regulations and proper landuse planning should be adopted to avoid forest conversion and overdevelopment in environmentally sensitive areas.
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