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That's a prestigious recognition of how the chapter used environmentally sustainable materials and practices while building the facility. Yet the chapter had good economic reasons to go green as well.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. [ 1 ] [ 2 ] [ 3 ] It is closely related with ecological economics , but has a more politically applied focus.
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [1] [2] [3] It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required.
Environment friendly processes, or environmental-friendly processes (also referred to as eco-friendly, nature-friendly, and green), are sustainability and marketing terms referring to goods and services, laws, guidelines and policies that claim reduced, minimal, or no harm upon ecosystems or the environment.
A sustainable business, or a green business, is an enterprise which has (or aims to have) a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that attempts to meet the triple bottom line.
One distinction is that sustainability is a general concept, while sustainable development can be a policy or organizing principle. Scholars say sustainability is a broader concept because sustainable development focuses mainly on human well-being. [23] Sustainable development has two linked goals. It aims to meet human development goals.
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'Sustainable' and 'green' are for the most part used interchangeably; however, there is a slight distinction between them. 'Green' design is centralized around specifically decreasing environmental impacts from human development, whereas sustainability can be viewed through an environmental, economic or social lens.