What is Environmental Economics

The South Asian region is a key economic zone, as seen from the global perspective. In the past two decades, it has witnessed a healthy growth in GDP terms. Globalization has propelled the countries in the region towards regional cooperation as a means to address common growth concerns. Along with geo-political compulsions that have fostered this convergence, we find that there are also socio-cultural and historical factors present that could serve as binding stones. However environment and climate change pose a huge challenge to the economic integration and growth in this region. While a number of institutional and policy regional cooperative measures have been put in place, there are certain bottlenecks in the region, which are again a product of its history, that need to be addressed. We feel that reassessment of national interests and priorities through strong political will are essential to mitigate these bottlenecks to realize the true potential of convergence in this region.