Fundamentals and Concepts in Green Economy

Across the world, Green Economy concept has been gaining ground and India is no exception. Green Economy is a development strategy which synergizes both economic development and ecological sustainability. Since 2008 global financial crisis focused attention not only on the financial losses, and implications for economies, jobs and housing, but also raised questions as to the fundamental imbalance in our economies. The choice of capital allocation - investment in property, fossil fuels and financial assets, rather than in measures to encourage resource efficiency - has created destructive imbalances. The common element to all these crises is the focus of decision making on short time horizons and trust in what has often proven to be an incomplete evidence base including a lack of proper accounting, for example as regards the cost of climate change and biodiversity. The ¿green economy¿ has become a topic of growing discussion in light of the environmental crisis, sustainability, and green business discussed in this book by author Dr. Meenakshi.