Circular economyA circular economy (also referred to as circularity or CE) is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products for as long as possible. CE aims to tackle global challenges such as climate change, biodiversity loss, waste, and pollution by emphasizing the design-based implementation of the three base principles of the model.
Energy economicsEnergy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. Energy services can be defined as functions that generate and provide energy to the “desired end services or states”. The efficiency of energy services is dependent on the engineered technology used to produce and supply energy. The goal is to minimise energy input required (e.
Resource depletionResource depletion is the consumption of a resource faster than it can be replenished. Natural resources are commonly divided between renewable resources and non-renewable resources (see also mineral resource classification). Use of either of these forms of resources beyond their rate of replacement is considered to be resource depletion. The value of a resource is a direct result of its availability in nature and the cost of extracting the resource, the more a resource is depleted the more the value of the resource increases.
Jevons paradoxIn economics, the Jevons paradox (ˈdʒɛvənz; sometimes Jevons effect) occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use increases its demand—increasing, rather than reducing, resource use. However, governments assume that efficiency gains will lower resource consumption, ignoring the possibility of the effect arising.
Deep ecologyDeep ecology is an environmental philosophy that promotes the inherent worth of all living beings regardless of their instrumental utility to human needs, and the restructuring of modern human societies in accordance with such ideas. Deep ecology argues that the natural world is a complex of relationships in which the existence of organisms is dependent on the existence of others within ecosystems. It argues that non-vital human interference with or destruction of the natural world poses a threat therefore not only to humans but to all organisms constituting the natural order.
Earth EconomicsEarth Economics is a 501(c)(3) non-profit formally established in 2006 and now headquartered in Tacoma, Washington, United States. The organization uses natural capital valuation to help decision makers and local stakeholders understand the value of natural capital assets. By identifying, monetizing, and valuing natural capital and ecosystem services. Earth Economics primary focus is to help communities and organizations make investment and policy decisions.
Eco-socialismEco-socialism (also known as green socialism, socialist ecology, ecological materialism, or revolutionary ecology) is an ideology merging aspects of socialism with that of green politics, ecology and alter-globalization or anti-globalization. Eco-socialists generally believe that the expansion of the capitalist system is the cause of social exclusion, poverty, war and environmental degradation through globalization and imperialism, under the supervision of repressive states and transnational structures.
Biodiversity lossBiodiversity loss includes the worldwide extinction of different species, as well as the local reduction or loss of species in a certain habitat, resulting in a loss of biological diversity. The latter phenomenon can be temporary or permanent, depending on whether the environmental degradation that leads to the loss is reversible through ecological restoration/ecological resilience or effectively permanent (e.g. through land loss).
Value theoryIn ethics and the social sciences, value theory involves various approaches that examine how, why, and to what degree humans value things and whether the object or subject of valuing is a person, idea, object, or anything else. Within philosophy, it is also known as ethics or axiology. Traditionally, philosophical investigations in value theory have sought to understand the concept of "the good". Today, some work in value theory has trended more towards empirical sciences, recording what people do value and attempting to understand why they value it in the context of psychology, sociology, and economics.
Factors of productionIn economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four basic resources or factors of production: land, labour, capital and entrepreneur (or enterprise). The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods".
