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Environmental Economics - Assignment Example

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While doing so, people tend to ignore the fact that our environment needs to be pampered with the very seriousness that we take on matters that bring about…
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Environmental Economics
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Download file to see previous pages People have associated natural resources as the basic elements for the production of basic commodities such as mineral products, fishing and forestry. For this reason, there is a greater need to value these resources in a bid to limit their use and bring sustainability in their utilization (Elibrary.worldbank.org, 2015).
Environmental economics brings about a myriad of concepts that include green economy and green growth. A green economy is one that aims at bettering the lives of human beings, bringing about social equity while reducing environmental risks significantly. This entails the need to facilitate growth that is driven by private and public investments that serve the purpose of reducing pollution and carbon emissions, enhancing the efficiency of national resource utilization and prevention of ecosystem loss and biodiversity. It is also important to note that a green economy serves to support the concept of sustainability (Kettunen and ten Brink, 2012).
Green growth on the other hand entails the overall strategies that serve the purpose to describe a way in which growth in the economy integrates the use of natural resources sustainably (Publishing, 2014).
To make the concept of green economy a reality, it is paramount that we inculcate important aspects and conditions. This includes national regulations, policies, incentives and subsidies, international markets, trade and aid protocols. In this paper, we discuss one of the distinctive issues where providing public environmental goods represents a priority. The Main focus is on the need to provide natural capital and resources. This is a delicate matter because when it comes to dealing with natural resources such as forests, there is need to ensure that while utilizing the resource, we should put into consideration its overall implications and thus be at a position of dealing with issues as they arise, either positive or negative ...Download file to see next pagesRead More
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