A New Perspective on Growth
Columbia University Press
On Sale: October 13, 2015
Hardcover / e-Book
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Non-Fiction Political | Non-Fiction Philosphy | Non-Fiction
Challenging the certainty that ecological preservation is
with economic growth, Green Capital shifts the focus from
of raw materials to the deterioration of the great natural
functions (such as the climate system, the water cycle, and
biodiversity). While we can find substitutes for scarce
resources, we cannot replace a natural regulatory system,
incredibly complex. It is then essential to introduce a new
the economy that measures the costs of damage to these
functions. This shift in perspective justifies such
innovations as the
carbon tax, which addresses not the scarcity of carbon but
of the atmosphere to absorb large amounts of carbon without
the climate system. Brokering a sustainable peace between
the economy, Green Capital describes a range of valuation
their contribution to the goals of green capitalism,
proposing a new,
practical approach to natural resources that benefits both
and the environment.
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