Green Economics
A methodology of economics that supports the harmonious interaction between humans and nature and attempts to meet the needs of both simultaneously. The green economic theories encompass a wide range of ideas all dealing with the interconnected relationship between people and the environment. Green economists assert that the basis for all economic decisions should be in some way tied to the ecosystem. Investopedia Says:
Green economists perceive nature as being extremely valuable and seek to maintain it. Supporters of this branch of economics are concerned with the environment and believe that actions should be taken to protect nature and encourage the positive co-existence of both humans and nature. Emphasis is placed on creating value through quality rather than on accumulating material items and money. Related Terms:
Carbon Credit
Dow Jones Sustainability World Index
Genuine Progress Indicator - GPI
Green Fund
Kyoto Protocol
Macroeconomics
Neoclassical Economics
Nonrenewable Resource
Pigovian Tax
Utilitarianism |