Economic Crises and Environmental Sustainability

H. D. Kaya

Abstract


In this study, we examine the impact of financial and economic crises on environmental indicators across the globe. We focus on the two most recent crises periods: the 2008-2009 Global Crisis and the end of the 1990s which include several financial/economic crises around the world. Our results show that the financial/economic crises at the turn of the century has not had a significant impact in the general categories of EPI (i.e. Environmental Performance Index), Environmental Health, and Ecosystem Vitality scores, although a few of the subcomponents are affected significantly. On the other hand, our results show that the 2008-2009 Global Crisis has had a significant impact in all three general categories: EPI, Environmental Health, and Ecosystem Vitality scores are all affected negatively due to the crisis. The Global Crisis has affected most of the subcomponents that are related to Environmental Health, and Ecosystem Vitality. We show evidence of which categories are affected more negatively when a crisis hits. Policymakers should focus on those categories when faced with the prospect of a financial or economic crisis.

Keywords


Environment, sustainability, epi, ecosystem.

Refbacks

  • There are currently no refbacks.


Disclaimer/Regarding indexing issue:

We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.