Many activists of the environment see capitalism as a rival, an enemy. While the debate itself is never ending, we can’t deny that the society and the economy are intertwined with each other in a pretty much capitalist manner.
The society is realigning and at the same time adopting the environmental reforms in this time of grave emergency, how can the economy be any behind. Ideas like that of the ‘green economy’ is proof of that.
An energy economy simply refers one where the supply and the usage of energy are topics of discussion. Such economy also includes the study of impact of the consumption of energy on the society or the economy.
There has been observed a sudden shift in the energy economy. This shift is due to its response to the currently growing environmental concerns. A very interesting mechanism operates underneath this mentioned ‘new economy.’
Here are some of the facts that you should know about the energy economy:
The energy economy impacts at three levels: the governments, the individuals, and lastly the companies. The direct impact of such an economy in our lives in all these three mentioned verticals is in the order from micro to macro level i-e individuals, companies, and government, and as we move towards the energy economy, we need to prepare ourselves for all the changes that come with each vertical.
The current state of the new economy
Many companies have claimed to have an environment friendly plan for their companies to move forward today. It’s almost a trend now.
However, technology is lagging behind the trend. Some drastic improvements are made day to day for technology to be able to make a green economy not just an idea but feasible.