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The Environmental Protection Agency (EPA) is an independent executive agency of the United States federal government tasked with environmental protection matters. All US states have their own state-level departments of environmental protection, [66] which may issue regulations more stringent than the federal ones.
These free ecosystem services are not given a market value under most current economic systems, and so forest conservation has little appeal when compared with the economic benefits of logging and clearance which, through soil degradation and organic decomposition returns carbon dioxide to the atmosphere. [19]
Environmental economics "undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. ... Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution , water quality , toxic substances, solid waste, and global warming ."
This is why the environmental dimension is so important. [4] The World Economic Forum illustrated this in 2020. It found that $44 trillion of economic value generation depends on nature. This value, more than half of the world's GDP, is thus vulnerable to nature loss.
Sustainable development thus tries to find a balance between economic development, environmental protection, and social well-being. However, scholars have pointed out that there are manifold understandings of sustainable development. Also there are incoherencies in the dominant market-based socio-economic-political organisation.
When the local economy is strong, it contributes to the larger, broader economy in a positive way. Gabe Krajicek, CEO of Kasasa , said small business success means more local money and tax dollars ...
The environmental and related social costs to develop the economy are taken into consideration when calculating the green GDP, which can be expressed as: Green GDP = GDP − Environmental Costs − Social Costs [1] where the environmental cost typically qualifies: [2] Depletion value of natural resources, e.g. oil, coal, natural gas, wood, and ...
At the heart of America's growth and prosperity are small businesses. Small and mighty, these businesses are vital not only to our communities, but at a broader economic level. See Our List: 100...