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As the world is slowly transitioning to sustainability, it is important for our company leaders to prioritize and have a sense of urgency. [ 51 ] Companies should adopt a sound measurement and management system to collect data on their sustainability impacts and dependencies, [ 52 ] as well as a regular forum for all stakeholders to discuss ...
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.
It has been suggested that because of the rural poverty and overexploitation, environmental resources should be treated as important economic assets, called natural capital. [51] Economic development has traditionally required a growth in the gross domestic product. This model of unlimited personal and GDP growth may be over.
Ecologically sustainable development is the environmental component of sustainable development.It can be achieved partially through the use of the precautionary principle; if there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation.
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. [1]
Cultural and heterodox applications of economic interaction around the world have begun to be included as ecological economic practices. E.F. Schumacher introduced examples of non-western economic ideas to mainstream thought in his book, Small is Beautiful , where he addresses neoliberal economics through the lens of natural harmony in Buddhist ...
As countries and regions around the world began to develop, it slowly became evident that industrialization and economic growth come hand in hand with environmental degradation. [1] "Eco-efficiency" has been proposed as one of the main tools to promote a transformation from unsustainable development to one of sustainable development. [2]
Eco-industrial development (EID) is a framework for industry to develop while reducing its impact on the environment. [1] It uses a closed loop production cycle [ 2 ] to tackle a broad set of environmental challenges such as soil and water pollution , desertification , species preservation, energy management, by-product synergy, resource ...