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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.
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.
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, [67] and the average internal rate of return on energy efficiency investments for large ...
Mainstream economics has attempted to become a value-free 'hard science', but ecological economists argue that value-free economics is generally not realistic. Ecological economics is more willing to entertain alternative conceptions of utility , efficiency , and cost-benefits such as positional analysis or multi-criteria analysis.
Environmental economics is related to ecological economics but there are differences. Most environmental economists have been trained as economists. They apply the tools of economics to address environmental problems, many of which are related to so-called market failures—circumstances wherein the "invisible hand" of economics is unreliable ...
The green world hypothesis proposes that predators are the primary regulators of ecosystems: they are the reason the world is 'green', by regulating the herbivores that would otherwise consume all the greenery. [1] [2] It is also known as the HSS hypothesis, after Hairston, Smith and Slobodkin, the authors of the seminal paper on the subject. [3]
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Eco-capitalism, also known as environmental capitalism or (sometimes [1]) green capitalism, is the view that capital exists in nature as "natural capital" (ecosystems that have ecological yield) on which all wealth depends.