Pollution not an externality vedanta

The Economic Times

Pollution not an externality  vedanta
26,May,2018

Pollution not an externality vedanta

It is extremely unfortunate that a dozen people have been killed and many more injured over a polluting copper factory in southern Tamil Nadu’s Thoothukudi. It reflects failure of policy, failure of policing, failure of politics and corporate disregard for the environment and laws that regulate the impact of human action on nature. Payment of compensation to the victims of police violence will not make up for such failure.

Copper smelting creates pollution, as do many industries. This means that active measures must be taken to collect, treat and dispose of the pollutants in a fashion that does not harm the water, air or earth around the factory or the people who live there, not that society can do without those industries. There was a time when an industrial unit could consider pollution to be an externality, something it created but was not responsible for. Environmental, specifically, pollution control regulation seeks to internalise the cost of pollution. No enterprise should try to avoid or reduce this cost by compromising on mitigation and abatement. It is failure on this count that has allowed popular opposition to build up against the Sterlite copper plant in Thoothukudi. It is evident that people have little faith in either the company’s promise to contain pollution or the government’s ability to enforce pollution control. The cost of breaching public trust is high.

It is strange that some non-government organisations had to lead the protests. A responsible political party would have protested against the pollution rather than against the factory, which produces vital jobs and income, besides pollution. Vedanta, which owns Sterlite, should sack the present management, bring in a new team, invest in pollution control, engage the public and salvage its reputation and the plant.

More from The Economic Times

Stay updated with The Hindu Editorial Vocab24 app, your definitive source for breaking news and comprehensive coverage from India and around the globe. Whether it's political developments, business updates, sports highlights, the latest technology trends, or current events, The Hindu brings live, accurate, and reliable news directly to your device.

Don’t fall for sensationalized or fake news shared online. Read and share accurate updates with friends and family through The Hindu Editorial Vocab24 app. Download it today!

News Coverage in The Hindu Editorial Vocab24 App

Breaking News: Receive instant notifications on breaking news stories as they unfold. Stay informed about major events and developments in India and around the world with live blogs, news in shorts videos, and concise articles.

Politics: Get the latest updates on Indian politics, including elections, policy changes, government decisions, and political events that shape the nation.

Business and Economy: Stay ahead in the economic landscape with detailed business news and market analysis. Learn about stock market trends, financial reports, corporate news, and economic developments to make informed investment decisions.

Current Events: Follow stories on social issues, policy changes, global events, and daily current affairs, tailored for UPSC and other competitive exam preparations.

Technology: Keep up with the latest gadgets, innovations, and tech trends. Read expert reviews and analyses in short, concise updates on cutting-edge technology from India and beyond.

Sports: Never miss a moment of your favorite sports. Get live scores, match reports, and expert analysis on cricket, football, tennis, and more.

International News: Stay informed about global events and geopolitical developments, including the Russia-Ukraine war, Israel-Palestine conflict, and other key international stories.

Local News: Stay connected to your community with the latest updates on city events, issues, and local news. Coverage includes hyperlocal updates from cities like Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Kolkata, and more.

Trending Topics: Discover what's trending today with the most talked-about stories and hot topics across India and the world.

Experience journalism that values integrity, accuracy, and reliability. Download The Hindu Editorial Vocab24 app today and stay connected with the world.

Subscribe to our newsletter!

* Your mail address will be fully secure . We don’t share!