GREEN ECONOMICS

With 60% of the world’s human population as hardcore economic crusaders and ruthless estate owners, developmental decisions that promote environmental responsiveness and total defense of the earth must be given a first class attention. Green economics endorses environmentally friendly businesses and encourages unprejudiced approach towards sustainable development. It magnifies the unassailable role played by green advocates in protecting the wealth of the earth. 

And like every other important field, it projects the importance of profit making in business ventures. The only difference between green economics and the rest is its gospel of environmental conservation. It preaches the importance of encouraging impact analysis before execution of projects. It as well suggests the creation of green economic policies and the adoption of green conservation as a topic of discussion in every board meeting.Unlike a “hardcore school of thought” which presumes that every available opportunity is a potential tunnel to an unlimited source of wealth, and only worries about possible monetary risks one is likely to encounter on his way to his projected financial destination, Green Economic in every given situation puts into consideration probable impacts of economic decisions before implementation proper. A developer is to carry out a well planned environmental impact assessment of his business idea before going ahead with its execution. On execution, set guidelines created during the assessment are usually adhered to.

They often include:

Designated area of development will depend on the decision reached at the end of the assessment. Decision taken must be guided by the result of the analysis. Set environmental principles are adhered to. These principles guide the developer during execution and goes on to interpret his limits of development,
probable impacts and deserved penalties for negligence.

Green Economics puts the earth first. It highlights the place of  man as only a tenant. The only fee he is allowed to pay is his stewardship to the earth which he presents by standing up for its preservation and by adhering to policies that helps in its protection. That way he gives back to the earth. So if he must drill oil, he must be conversant with the latest environmental policies that cover his area of interest. He must also employ a team of environmental experts to evaluate the idea. That way he can avert future externality cost.