Green Growth : A New Concept Of Growth

The sustainable growth rate is the rate at which a firm can grow while keeping its profitability and financial policies unchanged. The model allows an analyst to isolate drivers that have led to changes in historical growth in order to isolate causes of change. It is represented in four steps.

As once said by the Once-ler, from the tale of The Lorax, “Complain all you want, it’s never, ever, ever, ever gonna stop.” This is a strong message of a children’s book but it can impact how every life spends each day. The growing economy is directly linked to industrialization, which is damaging the Earth more and more each day. Industrialization is the rapidly growing spread of business and industries within a region, and can be shown in practically any country on Earth. There are many environmental issues that industrialization has caused but one in particular is our overuse of scarce resources, therefore, nations have responded to this issue by using renewable resources.

Long-term sustainability would also be easily achievable due to the large amount of necessary industrial materials. Buildings could be built without requiring imports from Earth and growth would take care of the problem of supply

A new green economy brings opportunity for all and a great chance for stagnating and

Wilson asserts, “No one should look to GNPs and corporate annual reports for a competent projection of the world’s long-term economic future.” In other words, the Gross National Product (GNP) and corporations will not accurately depict the long-term economic future, due to the lack of environmental factors that if implemented would surely fluctuate the projections. Furthermore, the more reliable sources are from research reports from the natural-resource specialists and ecological economists that provide an accurate representation of the financial and environmental future. In addition, the environmental experts factor in the imperil that is posed to the environment while expanding the economy. Thus, the idealistic balance between the environment and economy will not be found in the GNP reports, but in the ecological economist reports that can veritably attest to both sides of the political spectrum. On a national scale, converting to renewable energy is not prioritized, due to the fact the fossil fuel industry has an abundant of sizable investments. So, reasonably an annual national report would be in favor of the large corporations, such as the fossil fuel industry. As a result, the projections for the economic-future with fossil fuel as our main energy source is one-sided and

The following industrial process and production that leads to the economic growth and also environmental issues.

Sustainable development is defined as “Development that meets the needs of the present generations without compromising the ability of future generations to meet their own needs” (IISD, par. 1 ).

While industrialization has been strongly associated with greenhouse gas emissions, it is premature, however, to conclude that economic growth is the independent factor responsible to climate change. Neumayer (1998) contended that there is no sound scientific evidence documenting consequences of economic development on the environmental degradation in the long term (p. 4). There is also no linear association between economic growth and environmental deterioration, as maintained by Ferguson et al. (1996, p. 28) that the existing evidence “cannot be used to justify a view that economic growth (…) will automatically be good or bad for the environment” (cited in Neumayer 1998, p. 16).

Going green is a phrase that has swept America back and forth multiple times over the past few decades. No matter where one is to go, a person is likely to see something that contributes to the environment. This could be anything from community cleanup programs, to designated bins for trash and recyclables. Even the way buildings are made contribute to the topic of going green. One reason why industries take up the theme of going green is to the fact that there is money to be made. Minimizing waste in construction and manufacturing help companies to save money.

Important advantages of Resources on the Earth are limited.That the way we behave now does not make life difficult or impossible for future generations.To achieve sustainable development,we need to carefully consider the need for economic development,where standards of living improve

Economic –“an economically sustainable system must be able to produce goods and services on a continuing basis, to maintain manageable levels of government and external debt, and to avoid extreme sectoral imbalances which damage agricultural or industrial production.” (Harris, 2000: 7)

However currently we use nature not for basic needs but rater to fulfill our desires. Capitalism uses nature to create profit and wealth, making this form of system environmentally unsustainable because it is a system that functions on growth. In this essay I will highlight the functions of capitalism and reasons why green capitalism is not a reliable alternative to fix our environmental crisis. I will use Anne Leonard’s The Story of Stuff to convey my reasons why capitalism cannot be greened.

Economic growth can have several meanings. Numerous economic books define economic growth as an increase in production and consumption of goods over certain period of time. Economic growth can also mean an increase in living standard of people in the given area. From another perspective it can also be said economic growth leads to betterment of living standards. Economic growth is measured through observing the change in Gross Domestic Product of a country’s economy. GDP is assumed to be the most accurate indicator of Economic change in a given country. But the result don’t always reflect the accurate economic condition of the

Green technology refers to the use and application of environmental science as well as technology in the creation of products, systems and equipment with the aim of conserving the environment and the natural resoruces in general. Researchers indicate that the use of green technology is gaining increasing popularity across the globe. In the USA for instance, an estimated 57% of the companies use this technology as well as practices to enhance the efficiency of energy (Feng & Hewage, 2014). An additional 50% of the organizations use the practice for the reduction of waste materials in their production processes (Mulvaney, 2011).

Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic product (GDP) is the monetary value of all final goods and services produced over a year. It is the total value of production within the economy. The total value of production is the total value of the final goods or services less the cost of