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Green Capital: A New Perspective on Growth

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by Christian de Perthuis & Pierre-Andr?|Westlake Michael Jouvet
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Green Capital: A New Perspective on Growth by Christian de Perthuis & Pierre-Andr?|Westlake Michael Jouvet

Challenging the certainty that ecological preservation is incompatible with economic growth, Green Capital shifts the focus from the scarcity of raw materials to the deterioration of the great natural regulatory functions (such as the climate system, the water cycle, and biodiversity). While we can find substitutes for scarce natural resources, we cannot replace a natural regulatory system, which is incredibly complex. It is then essential to introduce a new price into the economy that measures the costs of damage to these regulatory functions. This shift in perspective justifies such innovations as the carbon tax, which addresses not the scarcity of carbon but the inability of the atmosphere to absorb large amounts of carbon without upsetting the climate system. Brokering a sustainable peace between ecology and the economy, Green Capital describes a range of valuation schemes and their contribution to the goals of green capitalism, proposing a new, practical approach to natural resources that benefits both businesses and the environment.

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Ebook Details
Pages: 240
Size: 16.2 MB
Publisher: Columbia University Press
Date published:   2015
ISBN: 9780231540360 (DRM-EPUB)

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This product is listed in the following category:

Nonfiction > Business & Economics > Development > Sustainable Development

These authors have products in the following categories:

Nonfiction > Business & Economics > Environmental Economics
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Political Science > Public Policy > Environmental Policy
Nonfiction > Business & Economics > Development > Sustainable Development

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