Green Economics

• Green economics is a methodology of economics that supports the harmonious interaction between humans and nature.

• It attempts to meet the needs of both simultaneously.

• Green economists perceive nature as being extremely valuable and seek t maintain it.

• Supporters of this branch of economics are concerned with the environme and believe that actions should be taken to protect nature and encourage the positive co-existence of both humans and nature.

• Emphasis is placed on creating value through quality rather than on accumulating material items and money.

• The green economic theories encompass a wide range of ideas dealing with the interconnected relationship between people and environment.

Assumptions:

• Living ecoregions are better valued as service-producing natural capital than as passive natural resources.
• Creative "enterprise" or individual capital must be differentiated from more general ideas or analyses of human capital or human resources, as what characterizes both evolution and intelligence is an unpredictable and creative movement towards greater energy economy, e.g. a tree spans a volume so as to most effectively convert available light to energy using its leaves.
• Local measurements are almost always better than global ones, and scale of measures must match the scale of the commons being managed.

Green v/s global:

This is a common theme among Greens in general, who have a broad critique of dominating culture and monoculture which has flowered in the anti-globalization movement to unite with other critics of global capitalism.

Some, following systems biology, differentiate "between Plant (energy-binding), Animal (space-binding), Human (time-binding) and Truth-binding mechanisms" among which they variously count religion, banking, capitalism and economics itself. Whether greens will ever agree on a single "truth-binding" political economy remains a matter of controversy.