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Companies leading the way in sustainable business practices can take advantage of sustainable revenue opportunities: according to the Department for Business, Innovation and Skills the UK green economy will grow by 4.9 to 5.5 percent a year by 2015, [72] and the average internal rate of return on energy efficiency investments for large ...
Green companies have traits that are common among sustainable businesses. A reusable bag from a food cooperative is a common example of a sustainable practice a green company may partake in. Some of the notable practices of a green company are: An emphasis on their sustainable and environmentally conscious practices.
Green economics is loosely defined as any theory of economics by which an economy is considered to be component of the ecosystem in which it resides (after Lynn Margulis). A holistic approach to the subject is typical, such that economic ideas are commingled with any number of other subjects, depending on the particular theorist.
The most widespread definition of economics involves the allocation of wealth, in the context of the human monetary system. [3] Economics rely on various subsystems, such as communities, businesses, resources, and money. Since economics rely on the world's natural resources, economic systems and ecosystems are interconnected.
The related field of green economics is in general a more politically applied form of the subject. [4] [5] According to ecological economist Malte Michael Faber , ecological economics is defined by its focus on nature, justice, and time.
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [ 1 ] [ 2 ] [ 3 ] The term was coined in 2005 by the South Korean Rae Kwon Chung ( de ), a director at UNESCAP . [ 4 ]
Green accounting is a type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that gross domestic product ignores the environment and therefore policymakers need a revised model that incorporates green accounting. [ 1 ]
A green bank is a quasi-public financial institution that uses public capital to leverage private investment in clean energy technologies. [217] Green banks use a variety of financial tools to bridge market gaps that hinder the deployment of clean energy.