Sustainable Economics

The spread of industrialism in the last two centuries has made life easier and longer for a growing share of humanity. But it is also taking a great toll on the health of the planet. Sustainable economics is about making the global economy sustainable without sacrificing the benefits of industrialism. One focus of Worldwatch work on economics has been government spending and taxation policies. Currently, governments subsidize environmentally harmful activities such as driving, logging, and mining, tilting the economy in the direction of resource waste and pollution. Taxing harmful activities instead would force consumers and companies to pay the full environmental costs of their actions and free up billions of dollars to support wind power, recycling, and other technologies and practices essential to building a sustainable industrial economy.

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