Why the Green Economy?

Posted by – 2011/11/15

A couple of months ago, the French Chamber of Commerce in Great Britain invited me to write an article for their magazine’s special edition on the Green Economy. That edition, the November/December edition of INFO, is now being circulated around , and you may see copies of it while you’re travelling.
Here’s a quick taster of that article; you can download the article as a pdf here: Why the Green Economy, and you can read the full magazine online

The Green Economy is worth hundreds of billions of pounds (euro / dollars) each year; it spans many sectors including the most fundamental ones of energy, food and water supplies; and in the last fifty years, it’s gone from fringe to mainstream, growing in value and coverage each year …

The economic imperatives that lead to the spiralling of negative externalities into an environmental crisis are well-documented: back in 1968, the inevitable tragedy of the commons was first written of in scientific journals: that a resource used by all but owned by none, would inevitably be over-used until it turned to dust. Though this was not the first description of the phenomenon; approximately 2300 years previously, Aristotle wrote:

that which is common to the greatest number has the least care bestowed upon it.”

The inevitability of the tragedy of the commons became economic orthodoxy. However, …

And to find out where that story goes next, read Why the Green Economy?

1 Comment on Why the Green Economy?

  1. Why the Green Economy? Because it’s simply smarter economics, that’s why http://t.co/MlJgosC7

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