Green Economy: The Best For Future Investment
A green economy is an economy that uses sustainable as well as environmental-friendly processes to reduce risks to the environment as well as ecological scarcities. It results in social equity along with improved human welfare. A green economy involves an economy that releases lower levels of carbon, is socially inclusive as well as resource efficient. Globally, many companies and industries have embraced the adoption of a green economy hence have done some activities and/or changed the traditional ways of doing things to more sustainable actions. For instance, the use of renewable energy, better water and waste management, green building, sustainable transport channels as well as land management.
There are many benefits users as well as the companies involved can get by investing in green technology. Some of these benefits include:
Benefits from renewable energy
Renewable energy is the energy that is produced from renewable resources such as the sun, wind, tides, rain, waves that are replenished naturally. A green economy exploits these natural resources to provide clean energy such as geothermal power, solar energy et cetera. The industries that are benefiting the most from the use of these resources include the ones that require either the heating or cooling of air or water, the transport sector as well as the electricity generation sector.
Use of renewable resources has been on the rise in recent years. For instance, in 2015, the United States invested over 200 billion dollars in renewable resources such as wind, solar as well as biofuels. Over 7 million jobs are associated with renewable resources, globally. Not only are these resources helping in climate change mitigation but they also have economic benefits.
Benefits associated with better water
Water is one of the essential resources required for life. Although a large part of the Earth is covered by water, only 3% of it is good for drinking. With a fifth of the 3% being in inaccessible places and two-thirds trapped in glaciers along with ice caps. Water has become one of the scarce resources in recent years. This reduction is mostly due to exploitation by man through agriculture, manufacturing, drinking among many other uses. The quality and quantity of water have been reducing over the years.
However, it is possible to manage the water that is available. This can be done through demand management along with adoption of better water conservation practices in industries. For instance, instead of letting water used for heating and cooling of machines go to waste, industries can reuse or recycle that water.
Benefits associated with green building
Green building refers to both the structure as well as the use of environmentally friendly and resource-efficient processes during planning as well as the designing of a building. The aim of green building is to reduce the risks to both the environment together with human health that are associated with the built environment. The concept of green building has attained a lot of promotion both in the US as well as in other parts of the world due to the benefits that are associated with them. The benefits include; the use of resources such as water and energy efficiently; improvement of occupational health as well as the productivity of the employees, as well as the reduction of pollution and degradation of the environment. The goal of green building is to reduce the negative environmental impacts that are associated with construction practices.
Benefits due to better waste management
There has been the introduction of a circular economy which focuses on the life cycle of a product. From production all the way to consumption up to waste management. The green economy aims to exhaust raw materials, waste as well as other products to the maximum before they become waste. This action will improve energy savings, reduce pollution as well as reduce emissions and hence mitigate climate change.
Benefits due to sustainable transportation channels
The transport sector has been one of the biggest contributors to global warming and hence climate change through gas emissions from the tailpipes of vehicles. However, sustainable means of transport have been invented such as cars that use electricity. For instance, the Tesla model of cars. Also, the use of drones instead of trucks for delivery of lighter parcels has aided in reducing the emissions.
Climate change has already done enough damage. From the above benefits, its evident that a green economy is the only way to a better future for everyone. The countries and industries which have not adopted this should see the urgency of the move toward a green economy.