Environmental regulation can in fact increase worker productivity and overall capital accumulation, according to new research from Italian economists, with green taxes having the largest potential effect on productivity.
The theory says — and De Santis’ research confirms — that when strict environmental policies are implemented, it forces companies to innovate, which in turn improves production techniques in an environmentally friendly way.
“So it is basically a win-win solution, because on the one side, firms improve their competitiveness,” De Santis said. “On the other side, it also adds to the environment.”
Renewability can increase growth. In fact, it has to if we want to replace unsustainable practices.
But here’s the thing; the technology can be used to increase profit like any other tech especially when you talk about efficiency. On the other hand, if you have a limited world you will always be fundamentally held back by finite resources.
Getting the infrastructure for renewable energy isn’t enough; you need to create an economic system that isn’t dependent on profit or infinite growth for it to be sustainable.
