Environmental Degradation and Remediation

Environmental degradation refers to the deterioration of the natural environment due to pollution, deforestation, overexploitation of resources, and climate change, leading to loss of biodiversity and ecosystem services. Remediation involves methods to restore and rehabilitate damaged ecosystems, such as pollution cleanup, reforestation, and sustainable resource management. In the context of Environmental and Natural Resource Economics, these concepts highlight the importance of balancing economic growth with environmental health, ensuring that natural resources are used sustainably while addressing the negative impacts of past actions. This balance supports long-term ecological and economic well-being.