/Green economy for sustainable sociseconomic development

Green economy for sustainable sociseconomic development

GREEN ECONOMY FOR SUSTAINABLE SOCIOECONOMIC DEVELOPMENT

Hayu S. Prabowo

Ulama Council of Indonesia

         Critical processes at the ecosystem level influence plant productivity, soil fertility, water quality, atmospheric chemistry, and many other local and global environmental conditions that ultimately affect human welfare. Society and the economy are dependent on functioning ecosystem services, as economy will not sustain without the natural resources and environment. However, the world has seen much focus on economic progress and mankind has made giant steps in its journey through time.

The side effects of the development process have also been equally enormous – loss of biodiversity, climatic change, environmental damage, etc., which brought about social issues such as poverty alleviation. The interaction between people and environment are therefore very vital, because functioning ecosystem services is important resources for the people. This issue of changing environmental phenomena has moved from a peripheral concern of scientists and environmentalists to being a central issue in global policy-making.

This is but one of many indications that our economy is in fundamental conflict with our ecological systems; it was these indications that stimulated the development of a green approach to the economy. Greens have also been concerned about the way an economic system based on competition has led to widening inequalities between rich and poor on a global as well as a local scale, and the inevitable tension and conflict this inequality generates. Green economics is arising from a study of the economy that takes a philosophical position characterized by a deep respect for human well-being and nature supporting the life. It is primarily a system of ideas and principles, rather than a rationally argued intellectual position.

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