What is the red economy?

The red economy is the byproduct of Fordism (named after Henry Ford), which favors mass production and considers environmental resources to be unlimited. To put it simply, the red economy is a linear business model of taking resources and producing waste.

What are the colors of economy?

What is a brown economy?

A brown economy is one in which economic growth is largely dependent on environmentally destructive forms of activity, especially fossil fuels like coal, oil, and gas.

What is the meaning of green economy?

A green economy is defined as low carbon, resource efficient and socially inclusive.

What are blue and green economies?

Green economy strategies tend to focus on the sectors of energy, transport, sometimes agriculture and forestry, while the blue economy focuses on fisheries sectors and marine and coastal resources. Both incorporate strategies to address climate mitigation and adaptation.

Red Economy

Why do we need blue economy?

"The blue economy" can create jobs, spur economic growth, mitigate the impacts of climate change and help meet the food needs of a growing global population. From sustainable fisheries to maritime renewable energies, there are five crucial areas where the G20 would benefit from investing in the ocean.

Who invented blue economy?

The concept was introduced by Gunter Pauli in his 2010 book- “The Blue Economy: 10 years, 100 innovations, 100 million jobs”. It is the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health.

How does capitalism destroy the environment?

Global warming is one of the most devastating expressions of the destructive nature of the capitalist system toward the environment. But it is not the only one. Capitalism also leads to the pollution of our air and water, soil degradation, deforestation, and the destruction of biodiversity.

What is the meaning of Blue economy?

According to the World Bank, the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem." European Commission defines it as "All economic activities related to oceans, seas and coasts.

What are the six pillars of green economy?

The 'Green Development' theme has identified six strategic pillars: climate change, resource saving and management, circular economy, environmental protection, ecosystem protection and recovery, water conservation and natural disaster prevention.

What is mountain economy?

Products and services from the mountains and hills form the basis of many economic sectors including agriculture, forestry, pharmaceuticals, rangeland production, tourism, and biodiversity conservation.

What are the green versus brown issues?

'Green' means a more wildlife focus while 'Brown' refers to a more people's approach. Concerns were raised that the environment is seen as something that is all about saving species of plants and animals – mainly ignoring the urban environment and people's basic right to a clean and healthy environment.

What is brown and green agenda?

While the green agenda talks about choice – use less, recycle more – the brown agenda, for those directly affected, is about a lack of options. Poor communities poisoned by toxic pollution have no where to go, no one to turn to. They cannot afford to move. They cannot afford to clean up the pollution.

Is informal economy included in GDP?

Ninety per cent workforce is engaged in the informal economy (that is, not in companies). About half of India's GDP is informal (that is, not generated by incorporated enterprises)… productivity growth has been the most dramatic in the informal side of the economy.”

What is the subject economics all about?

Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.

What is Orange economy?

The Orange Economy, also known as the Creative Economy, is the bringing together of sectors of the economy "whose main purpose is the production or reproduction, promotion, dissemination and/or the marketing of goods, services and activities that have cultural, artistic or patrimonial content" according to UNESCO.

What is the difference between blue economy and ocean economy?

Ocean economy simply deals with the use of ocean resources and is strictly aimed at empowering the economic system of ocean. Blue economy goes beyond viewing the ocean economy solely as a mechanism for economic growth. It focuses on the sustainability of ocean for economic growth.

How do you build a blue economy?

India regards the blue economy as economic activities relying on the marine ecosystem or seabed. Blue development should increase the protection of adjacent waters, which means to enlarge blue economy space by expanding our development and protection to all marine (coastal and open ocean-deep sea) ecosystems.

What is killing the earth?

What's causing it? The loss of ecosystems is caused mainly by changes in land and sea use, exploitation, climate change, pollution and the introduction of invasive species. Some things have a direct impact on nature, like the dumping of waste into the ocean. Other causes are indirect.

Is China a capitalist economy?

The CCP maintains that despite the co-existence of private capitalists and entrepreneurs with public and collective enterprise, China is not a capitalist country because the party retains control over the direction of the country, maintaining its course of socialist development.

Why capitalism is not sustainable?

Once all natural and social capital has been extracted, there will be no source of economic capital. Without capital, an economy loses its ability to produce; it tends toward economic entropy. Today's capitalistic economies quite simply are not sustainable.

How do blue bonds work?

In a blue bond, earnings are generated from the investments in sustainable blue economy projects. Furthermore, the issuance of a blue bond enables investors to fulfill their corporate social responsibilities and generate benefit for the ocean and humankind.

What are the blue economy sectors?

All blue economy sectors including fisheries, aquaculture, coastal tourism, maritime transport, port activities and shipbuilding will have to reduce their environmental and climate impact.

What are the main components of the blue economy?

The blue economy has diverse components, including established traditional ocean indus- tries such as fisheries, tourism, and maritime transport, but also new and emerging activi- ties, such as offshore renewable energy, aquaculture, seabed extractive activities, and marine biotechnology and bioprospecting.

How important is the ocean to the economy?

The ocean is the trading route for the planet.

Fourteen percent of U.S. counties that are adjacent to the coast produce 45 percent of the nation's gross domestic product (GDP), with over three million jobs (one in 45) directly dependent on the resources of the oceans and Great Lakes.