Idea's space

This blog is dedicaded to share ideas about personal and professional development.

Development, a sustainable way of growth.

leave a comment »

BP's oil spill, an ecological disaster.

The United States of America are facing the worst ecological disaster since more than a month with the BP’s offshore platform accident. The flow was already categorized as the largest offshore oil spill in the American nation’s history, but the new figures are much higher than the previous estimates. President Barack Obama pronounced a speech, saying it is time to develop the field of new and renewable energies, cleaner for the environment.

But the question is to know if there is really a will to develop such energy field? There is a debate and different mind regarding oil reserves. The extraction of oil becomes more complicated as we have to extract it deeper. The development of more sophisticated extraction techniques shows that we are able to find new oil reserves. But this has a cost, not only on an operational level but also on the ecological level. Money is spend to develop more sophisticated extraction techniques, but have we the full control of the process in case of accident, and are the safety measures always followed? The present situation in the Mexican gulf seems to show it is not the case. As often, companies are focused on short-term profit, forgetting the risk management. Oil generates appreciable profits, but in the Gulf oil spill, the ecological and economical cost is probably much higher for the country, compared to the generated profits on the same period. The balance of such disaster is clearly negative, as the estimated cost amounts to 1 billion usd. This oil spill will have short and long term effects on an economical and ecological point of view.

I would like to make the following comment. Often, ecology and economy are considered as two distinct things, incompatible and with no links between. This is a wrong point of view. Each natural and ecological disaster generates re-construction costs and no added value. In the case of the gulf oil spill, it would have been more interesting to spend the lost money to the development of renewable energy technologies. Research and innovation are an economical motor. The development of sustainable and renewable energies resources provides long terms economical and ecological benefits.

In order to develop a sustainable economy, it is important to analyze the benefits and the risk of each choice, each alternative, but we have also to distinct the difference between growth and development. Let us take an easy example: the growth of the pharmaceutical industry in a country is a good deal for the economical statistics, but it means that the consumption of medicine is increasing, which means that people are not in good health. This is not a really positive situation. On the other side, if the building industry growth is increasing because you build new schools and empowered the education system, this growth contributes to development with future long term economical and social benefits.

Development is the key of sustainable growth. Each crisis we met is destroying values, and the time and energy we spent to recover the lost value, to be again on the start point is a pure waste. A growth based on sustainable value contributes to a long term development, where each step contributes to the next one. It means also that in a development process, each component needs to be taken into account, not only the economical side, but also the social and environmental components, and all these components need to be integrated on a long term view.

Advertisements

Written by Eric Saint-Guillain

June 20, 2010 at 10:27

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: