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Quoting:
- Few disagree that capitalism, as humanity’s dominant economic system, has played a central role in driving climate change. It remains to be seen if it – or a version of it – can adequately facilitate the shift towards a global green economy.
- Josh Pitman, managing director of sustainable packaging firm Priory Direct, tells Energy Monitor: “I believe capitalism has caused the climate crisis, but I don’t think that makes capitalism the enemy, and to argue that would be counterproductive.”
- Explaining the two core principles of green capitalism to Wired, Adrienne Buller, who criticises the concept in her book The Value of a Whale: On the Illusions of Green Capitalism, wrote: “The first is that it’s an attempt to resolve the climate crisis in a way that minimizes disruption to our existing ways of organizing the economy, to existing distributions of wealth and power.
- Green capitalism in essence is based upon the premise that profit and environmental sustainability can be reconciled.
Further reading:
- capitalism
- eco-capitalism
- Eco-capitalism, also known as environmental capitalism or (sometimes) green capitalism, is the view that capital exists in nature as “natural capital” (ecosystems that have ecological yield) on which all wealth depends. Therefore, governments should use market-based policy-instruments (such as a carbon tax) to resolve environmental problems.
- eco-socialism
- degrowth
- Environmental, social, and corporate governance (ESG)
Read the full post at Energy Monitor.
