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Green Capital
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Green Capital: A New Perspective on Growth

Christian de Perthuis and Pierre-André Jouvet

Abstract

Many believe economic growth is incompatible with ecological preservation. Green Capital challenges this argument by shifting our focus away from the scarcity of raw materials and toward the deterioration of the great natural regulatory functions (such as the climate system, the water cycle, and biodiversity). Although we can find substitutes for scarce natural resources, we cannot replace a natural regulatory system, which is incredibly complex. It is therefore critical that we introduce a new price into the economy that measures the costs of damage to these regulatory functions. This change ... More

Keywords: Green capitalism, Economic growth, Scarcity, Carbon price, energy

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780231171403
Published to University Press Scholarship Online: May 2016 DOI:10.7312/columbia/9780231171403.001.0001

Authors

Affiliations are at time of print publication.

Christian de Perthuis, author

Pierre-André Jouvet, author