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A New Perspective on Growth
Columbia University Press
October 2015
On Sale: October 13, 2015
288 pages
ISBN: 0231171404
EAN: 9780231171403
Kindle: B015M9TZW2
Hardcover / e-Book
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Non-Fiction Political | Non-Fiction Philosphy | Non-Fiction
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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