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The current standard of using the Gross Domestic Product (GDP) as an indicator of welfare is criticized for being inaccurate. An alternative to GDP, the Genuine Progress Indicator compensates for the shortcomings of the GDP as a welfare indicator by accounting for environmental harms as well as other factors that affect consumption, such as crime and income inequality. <ref>{{cite journal|last1=Talberth|first1=John|last2=Cobb|first2=Clifford|last3=Slattery|first3=Noah|title=The Genuine Progress Indicator 2006: A Tool for Sustainable Development|journal=Redefining Progress|date=2006}}</ref> |
The current standard of using the Gross Domestic Product (GDP) as an indicator of welfare is criticized for being inaccurate. An alternative to GDP, the Genuine Progress Indicator compensates for the shortcomings of the GDP as a welfare indicator by accounting for environmental harms as well as other factors that affect consumption, such as crime and income inequality. <ref>{{cite journal|last1=Talberth|first1=John|last2=Cobb|first2=Clifford|last3=Slattery|first3=Noah|title=The Genuine Progress Indicator 2006: A Tool for Sustainable Development|journal=Redefining Progress|date=2006}}</ref> |
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===[[Pollution credits]]=== |
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===[[green technologies]] and "eco-friendly" products=== |
===[[green technologies]] and "eco-friendly" products=== |
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===[[green consumption]]=== |
===[[green consumption]]=== |
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Revision as of 23:43, 26 February 2017
Traits
The ideology of eco-capitalism was adopted to satisfy two competing needs: 1) the desire for generating profit by businesses in a capitalist society and 2) the urgency for proper actions to address the struggling environment in the face of human activity. Under the doctrine of eco-capitalism, businesses commodify the act of addressing environmental issues.[1]
Therefore, specific traits of the eco-capitalism includes:
- an emphasis on new sustainable technology
- the development of alternative energy sources as a new area of employment
The following are common principles of the transition to eco-capitalism.
Environmental full cost accounting summarizes corporate actions on the basis of the triple bottom line, which is best summarized as "people, planet, and profit". As a concept of corporate social responsibility, full cost accounting not only considers social and economic costs and benefits but also the environmental implications of specific corporate actions.
The current standard of using the Gross Domestic Product (GDP) as an indicator of welfare is criticized for being inaccurate. An alternative to GDP, the Genuine Progress Indicator compensates for the shortcomings of the GDP as a welfare indicator by accounting for environmental harms as well as other factors that affect consumption, such as crime and income inequality. [2]
green technologies and "eco-friendly" products
References
- ^ Prothero, Andrea; Fitchett, James (June 2000). "Greening Capitalism: Opportunities for a Green Commodity". Journal of Macromarketing. 20 (1): 46-55.
- ^ Talberth, John; Cobb, Clifford; Slattery, Noah (2006). "The Genuine Progress Indicator 2006: A Tool for Sustainable Development". Redefining Progress.