Green Economics And Ecological Economics

The paper "Green Economics And Ecological Economics" is an exceptional example of an essay on environmental studies. a) Green Economics is often associated with the means to achieve the end of sustainable development. In Green Economics, economics is actually considered as part of the greater eco-system and it actually goes beyond the boundaries of the neoclassical environmental economics. Neoclassical environment economics is mostly rooted in the question of non-locality whereas green economics is, however, focused upon the localization. What is also critical to note that eco-system from the perspective of the neoclassical economics is considered as one of the externalities of the system. Further, green economics consider environment and eco-system as a finite resource which needs to be optimized in order to sustain itself. b) Green economics and ecological environment differ from the neoclassical economics in the sense that green and ecological economics is based upon localization. It favors the local measures whereas the neoclassical environment economics views this issue from a global perspective with more emphasis on how the global resources are being actually damaged. Ecological economics, however, goes beyond the same and actually attempt to address the issue of co-dependency of the human economies and natural systems. Neoclassical economics, however, do not view this from an interconnected perspective and suggests that it is the study of understanding the impact of policies on the environment. A key difference can also be witnessed in the assumptions made regarding the continuous economic growth in a finite space as both green and ecological economics indicate that it is impossible to achieve this without actually damaging the environment and the resources. (Gurjar, Molina, & Ojha, 2010)