Green Economy and Its Impact on People

Green economy, as a separate concept and science, appeared at the end of the last century. The main idea is the development of civilization, in which economic growth is accompanied by care for the environment. The green economy is focused on reducing harm to the planet and the efficient use of natural resources. About its peculiarities, the impact on the person tells the specialists of the company on AI consulting.  

The Main Postulates of the Green Economy

The theory of Green Economy is based on 3 theses:

1. Earth is a limited space, it is impossible to expand infinitely.
2. The planet’s resources are limited. It is unethical to demand satisfaction of all needs.
3. Plant and animal life, humans, and inanimate nature are interconnected. The damage done affects all inhabitants of the planet.

Advocates of the Green Economy believe that unrestrained growth is impossible. Without control, there will be collapse and ecological catastrophe.

The main principles of this direction of economic science are:

• The use of renewable energy – sun, wind, sea tides. This reduces the amount of exhaust gases, reduces the amount of mineral extraction;
• Rational use of resources – recycling, sorting of garbage, and use of economical production processes are encouraged;
• Social justice.

Human Impact of the Green Economy

Developed countries are already implementing the principles of a Green Economy. They build wind and solar power plants and try to use water from hot natural sources and energy from sea tides. Eurozone’s countries have introduced the sorting of household garbage, which allows them to obtain resources for recycling and reduce the size of landfills for waste storage.

For example, Germany is actively developing renewable energy sources. The project “Energy Turnaround” is aimed at abandoning nuclear and coal energy by 2050.

Channels of Influence of the Green Economy on People and Production Processes:

1. Creation of new jobs and businesses.

The transition to a Green Economy promotes the creation of new jobs in renewable energy, recycling, green building, and organic agriculture. Which stimulates the development of new areas in science, manufacturing, and related industries.

2. Investments in new environmentally friendly projects.

State institutions and international funds sponsor the development and implementation of environmentally friendly projects. For example, programs to increase the energy efficiency of buildings reduce emissions of combustion products, and create demand for new construction materials and technologies.

3. Increasing the company’s competitiveness.

Consumers in developed countries have become more conscious. They want to live in a clean place and breathe safe air. The principle of “after us at least the flood” is a thing of the past. Companies that produce environmentally friendly products are deservedly popular. They are more competitive than traditional industries.

4. Reducing the cost of environmental disasters.

Excessive consumption of resources jeopardizes human existence. Hurricanes, earthquakes, and floods are natural phenomena. But a dam break that ends up flooding the surrounding areas is an ecological disaster. The application of Green Economy principles allows for minimizing the risk of man-made accidents and reducing the costs of their elimination.

A green economy offers unique opportunities for sustainable economic development and minimizes the negative human impact on the environment. But the transition to it requires not only material costs but also a change in the consciousness of the human population.