Green economy

What is the green economy? It is an entire system of production and consumption that actually acknowledges and properly handle the constraints and boundaries of the environment, nature and ensures sustainability of the system. The blue economy is captured in that. So is circularity in the economy. And so is the notion of nature based solutions.

Greenwashing is not part of the green economy even if the activity is borne out of it. A large part of the green economy is the government; they no longer just ensure monetary stability, enforce the laws and support various other institutional structures. They also have to provide some kind of structure to govern the pricing of carbon, enforce accounting of carbon emissions, invest into the technologies that enhances the sustainability of our economy.

All of these things are not entirely new to the government but they need to get used to being involved, taking responsibility and ownership over this area they used to leave out. Not only this, they need to look upon the transition towards this green economy as ultimately part of the security and future of the jurisdictions they are looking after. It can be difficult; when banks don’t finance baseload coal fired power plants you might think energy security is being undermined. But maybe that’s not the right problem we want to deal with; because energy security can also be about energy efficiency, switching to more decentralised sources of energy, and using more renewables.

So are we electing and choosing leaders who care about the future to lead governments? Are we behind them in their approach and thinking about creating a future that we can exist in?