tailieunhanh - UNEP ENVIRONMENTAL ASSESSMENT: EXPO 2010 SHANGHAI, CHINA

Furthermore, Borghesi (1999) suggested that market signals or the ‘existence of an endogenous self-regulatory market mechanism for the use of natural resources’ may also explain the shape of the EKC. According to him, during the early stages of development there is heavy exploitation of natural resources leading to a reduction of natural capital. However, at a certain time, there comes an increase in the price of natural resources. This leads to a reduction in its exploitation. Furthermore, there is an ‘accelerated shift towards less resource- intensive technologies’. . | Job Number DCP 1209 NA UNITED NATIONS ENVIRONMENT PROGRAMME UNEP ENVIRONMENTAL ASSESSMENT EXPO 2010 SHANGHAI CHINA UNEP UNITED NATIONS ENVIRONMENT PROGRAMME Chongming Dongping National Forest Park. Source Shanghai EPB Cover photograph Keren Su .