NIFTY 50

Who bears the cost of cutting trees for ‘development’?

Updated : June 27, 2018 08:34 AM IST

Hundreds of citizens turned up to hug trees and protest the felling of almost 17,000 to create homes for government officials and commercial complexes.
Although a court in Delhi has placed a stay on chopping of trees for now, the event once again raises the eternal conundrum of development.
What we are seeing across the country and the globe, are citizens refusing to take on the externalities of development. Externalities are negative consequences of an economic activity on unrelated third parties. 
Who bears the cost of cutting trees for ‘development’?

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