Capitalism Develoment Pattern Needs Changing : Emil Salim

Jakarta (Antara) - Development with capitalism pattern should be changed with economic development and social value plus the interest of environment, Environmentalist Emil Salim, the professor of the University of Indonesia, has said. "The time for development with capitalism pattern is over, and it must be changed into economic development and social value plus environment," Emil said during a discussion on People Sovereignty in Economic Policy and Climate Change at Megawati Institute here on Tuesday. He noted that to implement economic development and social value plus environmental interest, market intervention should be made by "Reducing emissions from deforestation and forest degradation and enhancing forest carbon stock in developing countries" (REDD+) and green economic development. According to him, green economic development is a pattern of development that results in improved human well-being and social equity, while significantly reducing environmental risk and ecological scarcities. The former environment minister said the function of REDD+ is an integral part of green economic development and sustainable management of forests designed to increase gross domestic product. "But its implementation needs a clear constitutional change," he said, adding that forest management should be in accordance with local wisdom by upholding people's sovereignty. (*) (Check-edited by Eliswan)