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The document discusses the growing importance of green businesses and green economies. It defines a green economy as one where economic growth and environmental responsibility are mutually reinforcing, and lists six main sectors: renewable energy, green buildings, sustainable transport, water management, waste management, and land management. The document also notes that sustainable practices are now a permanent part of 70% of corporate agendas as companies recognize their importance for competitiveness and profits, as well as attracting talent and customers concerned with the environment and social issues.
The document discusses the growing importance of green businesses and green economies. It defines a green economy as one where economic growth and environmental responsibility are mutually reinforcing, and lists six main sectors: renewable energy, green buildings, sustainable transport, water management, waste management, and land management. The document also notes that sustainable practices are now a permanent part of 70% of corporate agendas as companies recognize their importance for competitiveness and profits, as well as attracting talent and customers concerned with the environment and social issues.
The document discusses the growing importance of green businesses and green economies. It defines a green economy as one where economic growth and environmental responsibility are mutually reinforcing, and lists six main sectors: renewable energy, green buildings, sustainable transport, water management, waste management, and land management. The document also notes that sustainable practices are now a permanent part of 70% of corporate agendas as companies recognize their importance for competitiveness and profits, as well as attracting talent and customers concerned with the environment and social issues.
A green business strives to have a positive impact on the environment and community. A green economy adopts principles, policies and practices that improves the quality of life for its customers and employees. The International Chamber of Commerce (ICC) representing global business defines green economy as an economy in which economic growth and environmental responsibility work together in a mutually reinforcing fashion while supporting progress on social development.
Karl Burkart defines a green economy as based on six main sectors: Renewable energy Green buildings Sustainable transport Water management Waste management Land management
According to 2011 study by MIT, sustainable is now a permanent part 70 percent of corporate agendas. Mostly companies now also consider green practices to be vital to remaining competitive and many affirm that these practices are contributing profits. Reduced Risk : environment degradation threatens the ecosystem services that allow our economy to function and companies are beginning to take a notice. Eg Pepsi Co. for example is investing in sustainable solutions to water scarcity.
Green product demand: the demand for environmentally friendly services and products continues to grow. Near about 35 percent are willing to spend more for green products. Consumer Engagement: Community involvement is an important cornerstone for many companies, and green practices enhance public image community relations and goodwill. Attracting talent : environment conscious business practices help attract and retain the best employees by increasing employee satisfaction and the pride in the workplace. According to a monster trak poll on green employment, 92 percent of young professionals would be more inclined to work for an environment friendly company. Turning off equipment when its not being used. Reducing fax related paper waste by using a fax modem.: fax modem allow documents to be sent directly from a computer, without requiring a printed hard copy. Not leaving taps dripping, Producing double sided documents whenever possible. Finding a supply with maximum available recycled content. Choosing suppliers who take back packaging for reuse. PPP is a public private business venture which is funded and operated through a partnership of government and one or more private sector companies. PPP involves a contract between a public sector authority and a private party, in which the private party along with a government organiation undertakes a project like roads, highways etc. In some types, capital investment is made by the private sector and the cost of providing the service is born wholly or in part by the government.
In some cases, the cost of using the service is born by the user of the services, such as road toll tax.
In some cases, the government may support the project by providing revenue subsidies, including tax holiday for a fixed time period.
In India PPP model gained momentum in India in the post liberalised era since 1991. the major infrastructure development projects in the Indian state of Maharashtra ( more than 50 percent 0 are based on the PPP model.
Well Defined Contract between Gov. and Private party. Appropriate allocation of risks between Gov. and Private sector. the public sector needs to have adequate resources and capacities to meet its commitments and obligations under contracts. Stable Political Environment Entrepreneurship and effective leadership. Well defined and transparent process for securing government support. Smooth coordination among various Gov ministries/ departments. Helps to Generate Employment Reduction in Government Fiscal Deficit Overcomes the problem of cost overruns. Economic growth Rural development Social development Standard of living