Green economics: The other side of the grass
President Barrack Obama in his first speech to the Congress of the United States presented the idea of a green economic solution for some of the troubles facing the United States economy. The potential and the flaws of the idea of green economics have since entered the debate of citizen and politician alike (Goldenberg). Globally, the idea of a green market has begun to attract more attention than ever. The state of the global economic situation is dire. Therefore many world leaders have begun to look towards green economics to aid their struggling country. What are green economics exactly? The United Nations environment programme, defines a green economy as: “Economics which result in improved human well-being and social equality, while significantly reducing environmental risks and ecological scarcities.” This type of economics seeks to develop key areas of national economies with a focus on long run stability (Towards a green). This paper will present several aspects of green economics. The aspects covered will include, businesses relationship to green economics, problems with green economics and environmental concerns of a green economy.
A country's economic strength is often measured by how much of the possible workforce it employs. Therefore, jobs are a critical concern in developing national economies. Employed workers contribute to Gross domestic product or GDP, lower unemployment, and pay taxes. Expanding of the green market will certainly create more job opportunities both in the United States and around the world. However, as the green energy market expands other areas of energy may be forced to shrink and cut employment. Whether these two markets will ultimately balanc...
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The reason because environmental issues were not take in consideration before, in the economic field, was due to the absence of their costs from the calculation of GNI. However, it has to be consider that future growth and in general, quality of life are strongly related to environment. Therefore, environment’s long term implications has to be taken in consideration in the economy.
With the rapid growth of our global population pouring into the next millennium, we will witness an ever-growing hunger rate around the world. That is unless we call for a revolution on the global scale. The Green Revolution which already sprouted in the early part of the century only need to add a bit more momentum and we will see a bright future for the human race, a future without hunger and starvation ¡V hopefully.It is becoming increasingly difficult for the planet to support its overwhelming population. And since the amount of arable land available is becoming scarce, we must seek ways to dramatically improve crop yields of existing cropland.
The fundamental concept Andrew Dobson brings out in his novel Green Political Thought, is the revolutionary im-plications of ecologism.
...d and Heinz Sell. Revolution in lamps: a chronicle of 50 years of progress (2nd Ed.). Lilburn, GA: The Fairmont Press, Inc., 2001. Print.
Green growth is growth that is environmentally sustainable. It is efficient in its use of natural resources, clean in that it minimizes pollution and environmental impacts, and resilient in that it accounts for natural hazards and the role of environmental management in preventing physical hazards and excessive commodity price volatility. Green growth is a tool to achieve sustainable development, not a competing paradig...
First, the environment itself have direct economic benefit. It is proving most of the basic asset which is supporting the human development. If the environment is damaged, it then can be seen as economical loss. On the other hand, if people protect the eco-balance and the environment, it is a bonus for the asset. One economist in China calculated the economic value of a tree in the Chinese mountains. Other than being the material of buildings or papers, it create at least fifty thousand dollar worth of air purification and soil and water conservation. Again, use China as an example, the Chinese economy lost at least fifty four billion dollar because of air and water pollution, which is a large percentage of its gross domestic product. We can see here from this example that environment itself is part of the productivity. The natural endowment is a very important aspect of a country or region’s economical development. There are three basic steps of development of human productivity development, obey they nature, conquer the nature and find balance with the nature. Now, most of the big world economy is heading toward the green energy utilization. Find the balance between our development with he nature, the environment is the ultimate goal. Second, the environment can affect the economy indirectly. Environmental cost constraints is an important
Our current global economy would make Dracula proud. Since 1800, the global population has increased sevenfold. This mind-boggling increase has come at the cost of sucking more and more non-renewable, or fossil, resources from the earth. This exponential expansion comes from improvements on the way we drain finite resources from the earth, and is unsustainable. Due to the economic sleight of hand of externalities, the cost of using these finite, unsustainable resources is not correctly felt in market prices. Market prices don't reflect investments that need to be made into sources of renewable energy. The global economy is recklessly and heedlessly overdrawing irreplaceable resources from the environment, while subsidizing the externalities envolved to the earth's population and environment. Ignoring this irreversible draining of the planet's finite resources through externalizing cost is intergenerational betrayal at its basest.
A negative word originating from the term “whitewashing”, “greenwashing” was originally coined in 1986, by New York environmentalist Jay Westervelt, and was added to the Oxford Dictionary in 1999. The term was originally only used to describe misrepresentative instances of advertising, but as advertising grew more diversified, so did the definition of greenwashing. It is now used to describe the efforts corporations go to in order to portray themselves as more environmentally friendly than they actually are, which include, but are not limited to, event sponsorship, environmental reporting, the creation of a front group, or the distribution of educational materials. For most corporations, however, the main objective of greenwashing is to give consumers the impression they are taking steps to reduce, or manage, their ecological footprint, without having to sacrifice their bottom line. In this essay, I will explain and discuss greenwashing, with a focus on how Public Relations and Corporate Social Responsibility are influential factors in driving a company to greenwash, while proving that the above claims regarding greenwashing are valid.
Economists often talk about letting the economy work through the mechanism of the free market versus government control and regulation. Some believe that if the market is allowed to "do its thing" unprohibited and without government interference, then resources will be allocated efficiently, equilibrium will be found, and so on… However, this is not always possible. Of course, government control is not perfect either. Thus, it would seem that at times the market may be more appropriate than the government; other times the government may be needed because the market is not able to function properly; and other times a combination of the two working in unison may provide the best and most effective and efficient answers.
Saxena, S. (2015). Are they Really Green: Flipping the Second Side of Green Marketing Coin - A Critical Analysis Using Selected Cases? Amity Global Business Review ,
This paper will discuss two leaders in their perspective industries that are embracing the future of a “green” economy. The two companies discussed are Patagonia Inc. and Tesla Motors. The paper will describe what each company specializes in and how they remain competitive with their non-green competitors. In addition the difference between how Patagonia and Tesla create their product and deliver it to market differs from non-green competitors will be discussed. Patagonia and Tesla Motors is a shining model for other companies to follow for a greener tomorrow.
The great world of business can be extremely deceiving for reasons like "the unjust use of green." There are a rare few who are really willing to exercise extra work, spend extra money, and accept fewer privileges in order to protect the ...
?The eco-efficiency imperative is based on the idea that companies must come to terms with the new realities of population growth, increased evidence of global warming, ozone depletion, loss of fertile soils and forests. These new realities will change the markets (customers' attitudes) and lead to tougher government regulation. This will change the bottom-line of each company now and increasingly in the future. Costs related to pollution will become staggering. Customers will ask for green products and they will even select companies on their proven ability to produce green products. Instead of waiting for government action and lobbying to get the right kind of action, companies must seek value creation through minimizing resource input. According to its proponents, eco-efficiency leads to economic and ecological efficiency. (Schot 1997).
The Green movement began in the Western World during the 1970’s around the time of the Vietnam War. The green movement is a social movement regarding concerns for environmental conservation and improvements to the current health of the environment. The Green movement also promotes the conservation, restoration, and the overall improvement of our environment. Many people disagree with the green movement and its values because they don’t see the immediate benefits from them. However, supporting the green movement by recycling, researching alternative energy sources, and mandating eco-friendly laws will lead to a better, greener, country.
Creation of the green market is a kind of an opportunity for these green entrepreneurs as it is an emerging market and not penetrated enough. These green entrepreneurs are also called enviropreneurs as they build their business which is favorable to the environment and society. The concept of green entrepreneurship is not only helping consumers in getting their green products and services, but also making people lean towards green ecosystem. Green entrepreneurship also faces challenges such as lack of substitution of the conventional products, cost controlling, redesigning, raw material and lack of R&D infrastructure etc. These challenges can be reduced in further development. On the other hand, it is also true that green entrepreneurship creates changes in the society in the form of providing a good natural