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The Economics of Environment and Ecology for Sustainable Development

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  • Jakhanwal, Meeta
  • Mishra, Mukesh Kumar

Abstract

Economic growth and development are intricately linked to the sound management of environmental resources. Reducing inequalities in society and maintaining healthy ecosystems are fundamental to achieving sustainable development, yet the interactions between these goals have been largely underexplored. Ecology and economy are derived from the same root words and concerns. Economics provides important tools for understanding and managing resources. Ecological economics focuses on the value of natural services and tries to include those services into price calculations. This Paper brief focuses on how societies can create opportunities for a green and inclusive economic recovery and, aims to achieve this goal by a structured approach to valuation that helps decision-makers recognize the wide range of benefits provided by ecology and ecosystems, their values in economic terms and in decision-making. A green recovery will significantly enhance the resilience of economies and societies in the face of both the severe recession and accelerating environmental challenges. Through education, research, policy and social action, needs to transform towards an equitable and ecologically sustainable society with respect for the rights of people and nature, biological cultural diversity and to respect its ecological limits.

Suggested Citation

  • Jakhanwal, Meeta & Mishra, Mukesh Kumar, 2020. "The Economics of Environment and Ecology for Sustainable Development," EconStor Preprints 227598, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:227598
    as

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    File URL: https://www.econstor.eu/bitstream/10419/227598/1/Ecology-Paper.pdf
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    References listed on IDEAS

    as
    1. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
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    More about this item

    Keywords

    Ecological Economics; Environmental Economics; Sustainable Development;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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