What is Green Growth

Green Growth is a fundamental shift in economic thinking. The purpose of this shift is to alienate and make economic development with environmental well-being. It refers to alternative methods of economic development that prioritize environmental sustainability. It emphasizes that economic growth should not happen at the cost of natural resources. A critical aspect of green growth is the development and adoption of sustainable technologies. These innovations minimize negative effects on the environment while promoting economic developments. Green growth also emphasizes investments in activities, infrastructure, and assets that lead to lower carbon emissions and pollution. It can help the environment and improve the economy by providing new opportunities and bringing new ideas to the industry. Green growth strategies protect biodiversity and ecosystem services.

Moreover, there are various global environmental risks that influence people and the economy around the world. Policymakers must address diffuse and increasingly global environmental risks. Collaborative efforts are essential and necessary to tackle climate change, water scarcity, and other challenges. Other than that there are radical technological changes. Incremental improvements won’t suffice. We need major changes that completely reshape how we make and use things. Balancing economic growth with environmental stewardship requires rethinking traditional business scenarios. Governments play a crucial role in designing effective policies. Something that needs to be considered is that green growth must be beneficial for every segment of society and industries.

Green growth can be a great alternative for traditional business methods.

By M. Nargis

Five Most Recent Technologies That Have Significant Impacts on the World

From thousands of years ago until now, we humans have always tried to develop and experiment with new things. In today’s world, improving technology is part of our lives, especially in the recent decades and a great example is the Internet. It had a global influence and opened a completely new world for us. The internet made new job opportunities and provided a great place for creativity. It also derived many new technologies such as social media. In this article, we are going to introduce five recent technologies that are having and going to have enormous impacts on us. These five technologies are: Generative AI, Enhanced Solar Panels, CRISPR-based Treatment, Exascale Supercomputers, and AI-Powered Scientific Discovery. 1. Generative AI Generative AI includes models like ChatGPT and DALL-E, is revolutionizing various industries by it abilities such as creating text, images and videos from simple prompts. The concept of making AI is not new. It has been around for ...

What is BRICS

BRICS consists of five and more countries including Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, Ethiopia, Egypt, United Arab Emirates (UAE), and Indonesia. These developing economies have joined together to build a stronger influence in the global market and between each other. BRICS was initially established in 2009 with four members, Brazil, Russia, India, and China. South Africa joined in 2010. The most recent member is Indonesia that joined in early 2025. The purpose of BRICS is to reduce the reliance of the member countries on the US Dollar. All the members are non-European/Western countries and seek new policies and methods to grow their economies without being affected by the Western countries. BRICS can affect both politics and economics around the world. According to the BBC, containing countries like China and India, BRICS has about 45% population of the world. And about 28% of the world’s GDP. Combining all the members annual GDP, it is...

What are Tariffs

Trade Barriers Trade barriers are any type of policy implemented by a government to constrain and control international trade. Trade barriers will affect imports and exports, making them more difficult or expensive according to the situation. Trade barriers are used for a variety of reasons. They can be implemented to increase and protect domestic goods over imported ones, manage the flow of goods in and out of a country, and for political reasons. Tariffs are a type of trade barriers. They are the taxes imposed on importers. When tariffs are implemented, they raise the taxes on imported goods, making them more expensive in price and lower sales. This process leads to an increase in the purchase of domestic products. Other types of trade barriers include: quotes, subsidies, import licenses, standards and regulations, and many more. Tariffs; The Process As mentioned above, tariffs raise the price of foreign goods for domestic consumers. When tariffs are imposed, the im...

The Power of Compound Interest Explained Simply

What is interest Interest is basically the cost you pay for borrowing money, or you earn interest by lending money to someone else. Types of interest There are two main types of interest: simple interest, and compound interest. 1. Simple interest is when you pay or earn interest (money) from your original amount of money, also referred to as principal. P = Principal (the starting amount of money) R = Rate of interest (per year, in %) T = Time (in years) For example, if you borrow $1,000 at 5% interest per year, in 3 year you pay: SI = (1000 * 5 * 3) / 100 = 15000 / 100 = 150 You pay $150 in interest after 3 years. Total = Principal + Interest = P + SI In the example: 1000+150 =1150 So you will have $1,150 after 3 years. 2. Compound interest is, in simple words, interest on interest. Compound interest is when you earn or pay interest on both your principal and its interest that has been added over time. This method allows your money to grow faster because...

EISHIEL

Search This Blog