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The green gross domestic product (green GDP or GGDP) is an index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Green GDP monetizes the loss of biodiversity , and accounts for costs caused by climate change .
The roadmap articulates five tracks on which to drive the economic system change necessary to pursue low carbon green growth as a new economic development path. [31] OECD: In 2011 the OECD published a strategy towards green growth. [32] In 2012, they also published a report on green growth and developing countries. [33]
The Green Party supports the implementation of a single-payer healthcare system and the abolition of private health insurance in the United States. [41] They have also called for contraception and abortion procedures to be available on demand. [ 42 ]
However, in "The Green National Product", Clifford Cobb and John Cobb argue that the Measure of Economic Welfare failed to encompass the depletion of natural capital. [5] In 1989, Herman Daly, John Cobb, and Clifford Cobb created what is known as the Index of Sustainable Economic Welfare (ISEW). This new measurement of welfare was created in ...
In the United States, a group of academics and activists introduced "a green stimulus to rebuild our economy" in March 2020. [28] [29] The policies targeted eight fields: housing and civic infrastructure, transportation, labour and green manufacturing, energy generation, food and agriculture, environment and green infrastructure, innovation policy, and foreign policy.
Therefore, the proposal of any alternate economic system, like eco-capitalism, must overcome the predominant common sense and economic status quo in order to develop opposing theories. Nonetheless, movements in the United States and abroad have continued to push for reforms to protect the environment in current capitalistic systems. [46]
Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. [ 1 ] [ 2 ] Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs ...
Degrowth is an academic and social movement critical of the concept of growth in gross domestic product as a measure of human and economic development. [1] [2] [3] The idea of degrowth is based on ideas and research from economic anthropology, ecological economics, environmental sciences, and development studies.