WORLD NEWS | Bhutan develops industries closely linked to its natural, cultural resources: report

thimpu [Bhutan]June 9 (ANI): Focusing on sustainable and inclusive growth, Bhutan has developed industries closely linked to its natural and cultural resources, Bhutan Live reports.

It said the country’s industrialization process was very different from traditional paradigms around the world in which a frenzied pursuit of economic growth often overshadowed environmental concerns.

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A prime example is the hydropower industry, which has embraced hydropower as a clean and sustainable source of energy and income, taking advantage of the country’s abundant water resources. Not only does it provide electricity to the country’s industries and households, it also allows Bhutan to export electricity to neighboring countries, boosting the economy without damaging the environment, The Bhutan Live reported.

Tourism is another industry that Bhutan has carefully cultivated. A ‘high value, low impact’ policy limits visitor numbers, minimizing environmental damage while maximizing revenue. Tourists are also educated about Bhutan’s deeply rooted environmental ethic and encouraged to engage in sustainable practices.

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The country has long been known for its commitment to environmental protection. Nestled among the towering peaks of the Himalayas, more than 70 percent of the country is covered in forests, and it remains the only carbon-negative country in the world. The Bhutan Live said its constitution mandates at least 60 percent forest cover for all future generations.

Their philosophy is deeply rooted in the state structure and promotes holistic development and sustainability rather than GDP-centred growth, it said.

However, Bhutan’s path to sustainable industrialization is not without challenges. Climate change poses a major threat, with melting glaciers leading to an increased risk of flooding. Industrial infrastructure development, while necessary for economic growth, also risks damaging the natural environment if not managed properly.

The country’s unique approach has yielded impressive results; it faces the challenge of ensuring its growing population can thrive economically without compromising sustainability. According to The Bhutan Live, balancing the demands of industrial development and environmental protection is an ongoing effort. (Arnie)

(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)