Green Economy

Introduction

Green economy is referred to as the type of economy that helps in bringing down the risks in the environment and other scarcities in the ecological system and aims to form a sustainable development in the absence of degradation of the environment. Green economy can be associated with ecological economics but there is a more politically oriented focus in green economy.

Green economy can be differentiated from the other types of economic regimes is through economic valuation along with full cost accounting regime wherein the various costs that are put on the society are tracked. They are also accounted as liabilities of the elements that either harm or may neglect the assets.

The concept of green economy has been defined as a type of the branch of economics where an economy is regarded to be capable of being a part of the existing ecosystem. Green economics has been widely used in green anarchism, ecology movement, feminism, anti-globalization, post modernism, peace movements in different ways that are external to the basic concept of economics.

Six main aspects of green economy:

The six main aspects of green economy have been penned down by Karl Bukart as follows:

a. Renewable energy: This is defined as the type of energy that is derived from various resources that are destroyed through natural elements like wind, tides, sunlight, rain or heat. This type of energy has been able to replace the traditional types of fuels in areas like electricity, heating of water or hot water generation, fuel used for running motors and rural energy.

b. Green buildings: Also referred to as green construction and sustainable building, it is regarded as a process that is used and responsible for developing a building that is environment friendly and is resource efficient.

c. Sustainable transport: This is a broad concept involving transportation that is sustainable and includes elements such as airways, roads, energy, railways, vehicles, infrastructure, and terminals.

d. Water management: This is an activity that involves the proper process of planning, development, distribution and management of the water resources. This is part of the water cycle management that works towards to managing the demands of water and allocation of water equally to satisfy all kinds of users.

e. Waste Management: This is a concept that refers to the process that involves generation, characterization, prevention, monitoring, handling, reuse, treatment, and residual disposition of the solid wastes.

f. Land Management: This is a process that manages the development and the usage of the land resources for a variety of environmental reasons such as reforestation, management of water resources and agriculture.

Criticisms

Many organizations and environmentalists have criticized the concept of green economy because of its orientation of using mechanisms that are used to protect environment and nature. Their argument is based on the fact that there might be an increase corporate control on such matters.

Conclusion

The concept requires clear understanding of the environment and processes of improvement and development without causing any harm to the natural resources. Hence, understanding the economics of these requirements helps in protecting nature in a much better way.

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