Has the poor economy helped or hurt green industry?

2

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  1. 0 Votes

    In our poor economy, people grow more aware of spending and I’d argue that fiscal constraints are significant for building public awareness of our expensive fossil fuel habit.  This has lead to increased support for the development of alternative energies – which constitute a large part of green industry. 

    As David Owen writes in The New Yorker, economic recession highlights the relationship between consumption and prosperity and illuminates the corresponding dangers inherent in our energy policy.  He points out that in 2008, when oil prices spiked, gasoline consumption in the U.S. fell by nearly 6%.  “That was the result not of a sudden greening of the American consciousness but of the rapid rise in the price of oil during the first half of the year, followed by the full efflorescence of the current economic mess.”

    Perhaps an ethical eco-revival isn’t to credit for the conservative consumption that marked 2008, but I believe the effects of the recession highlight the importance of the green industry.  

  2. 0 Votes

    Poor economy has helped green industry in that there is a positive relationship existing between increase in income and ability or tendency to spend. One who does not have much to spend remains with the nature without electricity, automobiles and works in the field other equipment that cannot cause environmental pollution.

     

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