Doughnut Economics

Doughnut Economics

The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") fromοἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house(hold for good management)".  The Economist's Dictionary of Economics defines economics as "the study of the production, distribution and consumption of wealth in human society."  Economics has also been described as a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.  Scarcity in this context typically relates to inputs to production such as human and financial capital.

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Valuing co-benefits to drive investment in carbon projects

Valuing co-benefits to drive investment in carbon projects

The recent 2013 World Bank report on carbon finance indicates that global  climate finance reached approximately US$364 billion in  2011, with the private sector contributing a large  proportion of this investment. Carbon prices are at an all time low and the  international carbon markets are likely to remain uncertain for several years  due to the current economic climate, the reduction in demand and unchanged  supply of credits, plus the relative in-action by the international governments  at Doha (COP 18).

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