Some respite for environment?
Demonetisation has some positives too.
Everyone is talking money – demonetisation, political agenda, cash crunch, hoarding new currency, impacts on daily life, IT raids, eradicating black money and hoping for a white future. Rich and poor people alike are finding the daily needs hard to come by with little money in hand, irrespective of how much they have in bank balance or in old currency.
We all know there is less money in market; hence business is not as usual.
While so much has been spoken and written about the impact of demonetisation on varied facets of life, hardly anyone has touched upon its impact on ecology and resources. It is strange but true that cash crunch is beneficial to nature.
On a few fronts, the present cash crunch is comparable to the economic recession of the recent past, faced mainly in the west, with some implications for India too.
As such, it is a paradox where money and market fuel each other, which together increase the consumption patterns. We know that increased consumption is good for economy, but ecologically it is disastrous, irrespective of whether the consumption is for our present needs, future savings or mere personal greed. The rich may have the financial affordability to spend, but our fragile Earth cannot afford to take anymore of our wasteful life. So, if the present crisis due to demonetisation has reduced our shopping, travelling, holidaying, partying, conferencing, manufacturing, in general spending, it has reduced the consumption of resources. It could be temporary, until the money flow restores again; yet it is beneficial to nature. Can we ensure this benefit lasts long enough to save the climate?