GREEN CAPITALISM

 Also known as Ec0-capitalism or Environmental

Capitalism
 the view that capital exists in nature as “natural
capital” (ecosystems that have ecological yield) in
which all wealth depends. Therefore, government
should use market-based policy instruments
(such as Carbon Tax) to resolve environmental
problems.
 It is a form of environmentalism that emphasizes the
economic value of ecosystems and biological diversity and
attempts to reduce human environmental impacts by ensuring
that the importance of environmental services is reflected in
the way that markets operate. It starts from the recognition of
services that societies depend on.
 As resources become scarcer and therefore more expensive, all
businesses will have to figure out how to do more with less. The
green capitalism tells us, is that using fewer resources- energy,
raw materials, water- is good not only for the planet but also
for profits.
 Green Capitalist’s bottom line is that is promises a growing
economy that uses less from the biosphere.
Includes:
 Provisioning Services (the supply of water, food & energy)
 Regulating Services (carbon sequestration and water
purification)
 Cultural Services (recreational services and as ecotourism and
outdoor sports)
Green capitalism extends the economic concept of capital
(assets used to produce goods and services) to include “natural
capital.”
GREEN ECONOMY
- a green environmentally friendly economy that promotes
health, wealth and well-being.
- It is dependent on sustainable development- which means
growing our economies in ways that benefit, not sacrifice,
social justice and equity as well as the environment. The idea is
to serve the needs of the present without threatening the
quality of life in future generations.
- Defined as low carbon, resource efficient and socially inclusive.
Growth in employment and income are driven by public and
private investment into such economic activities,
infrastructure and assets, that allow reduced carbon emissions
and pollution, enhanced energy and resource efficiency, and
prevention of the loss of biodiversity and ecosystems services.
Role of Green Economy:
Sustainable Consumption and Production and
Resource Efficiency for Sustainable
Development
Sustainable Consumption and Production aims to
improve production processes and consumption practices to
reduce resource consumption, waste generation and emissions
across the full life cycle of processes and products while
Resource Efficiency for Sustainable Development refers
to the ways in which resources are used to deliver value to
society and aims to reduce the amount of resources needed, and
emissions and waste generated, per unit of product or service.
 Three main areas for the current
work on Green Economy:
1) Advocacy of macro-economic
approach to sustainable economic
growth through regional , sub-
regional and national fora.
2) Demonstration of Green Economy
approaches with a central focus on
access to green finance, technology
and investments.

3) Support to countries in terms of

development and mainstreaming of
macro-economic policies to support
the transition to a Green Economy.