A recent study has proposed a new economic tool designed to encourage a more sustainable production and consumption.
To ensure that the environmental impact of products is reflected in their cost, the authors of the research recommend a System of Green Value Added Tax (VAT) based on the Life Cycle Assessment (LCA).
The importance of decoupling environmental degradation from economic growth is highlighted by the EU’s Roadmap to a Resource Efficient Europe and Sustainable Consumption and Production and Sustainable Industrial Policy Action Plan.
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The economic benefits of restoring natural ecosystems outweigh the costs, according to new research. The study examined the financial costs and benefits of restoring a range of ecosystems, including those found in marine, inland and coastal habitats, and concludes that in most cases the large value of ecosystem services provides a net economic benefit.
Natural ecosystems provide a vast array of services that support human well-being and have real economic value. For example, a study of Payment for Ecosystem Services (PES) in Costa Rica showed that companies were willing to invest € 143.000 per year for watershed protection.
Continue reading ETICAMBIENTE® BLOG POST: “Restoring Ecosystems? It Is Environmentally Necessary and Also Economically Profitable” and engage in the conversation by submitting your comments »