The Solution - Green Economy

In this educational block, we will discuss the solution to mitigate the risk of the irreversible damage of climate change.

So, what is the solution?

Two words: Green economy

Since the lead causes of climate change are the massive industries that utilize fossil fuels, we need to start allocating our capital away from companies that harm our environment.

The main idea of a green economy is to invest in sustainable industries and initiatives. The goal is to promote environmental restoration while boosting economic growth simultaneously. Our current economic landscape involves waste, inequality, and ecological threats. Our system is unsustainable for the future, as climate change is one of the most prominent dangers to our society.

There will be many challenges in transitioning to a green economy, but the change is necessary to sustain our world. A green economy serves the best interest of our future, with a long-term positive impact.

How do we transition to a green economy? Well, we will need to undergo various transformations in our economy. We need to reduce our consumption of non-renewable energy sources, such as gas, oil, and coal. These types of energy increase greenhouse gas emissions. We need to switch to clean energy that does not catalyze global warming, such as wind and solar power. We need to reduce our consumption of scarce natural resources, such as trees. Deforestation is a significant contributor to climate change, as trees are vital to remove greenhouse gases and promote conservation. By recycling resources to reduce waste, we can minimize pollution. These actions establish efficient use of our resources, which results in economic growth. Additionally, conservating biodiversity leads to high life quality for humans and wildlife. As we allocate our money to sustainable development, we create new jobs that benefit our world. These jobs boost both the economy and the well-being of our environment.

Institutional companies and governments will have to change their practices for the better, but individuals should contribute and advocate for real change. By allocating your capital to green energy, such as solar power, you contribute to a green economy. As more people invest in clean energy, the industry will overpower oil and gas businesses. This idea is called the practice of sustainable finance, which is the idea of funding sustainable causes to drive positive environmental impact.