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February 7, 2025 at 02:15 PM
🌍 Environmental Kuznets Curve (EKC) Explained
✅ Concept Origin – Based on Kuznets' 1955 study on income inequality, later applied to economic growth & environmental impact.
✅ Inverted U-Shaped Relationship – At low income levels, industrialization increases pollution, but as economies grow, wealthier societies adopt cleaner technologies & regulations, reducing environmental damage.
✅ Key Stages:
1️⃣ Early Growth: High pollution due to industrialization.
2️⃣ Rising Income: Awareness & regulations emerge.
3️⃣ Developed Economy: Environmental quality improves with sustainable investments.
✅ Implication – Economic growth alone won’t guarantee sustainability; policy interventions & green tech adoption are essential. ♻️
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