BackIS ENVIRONMENTALISM BAD FOR THE ECONOMY?
03 December 2015
Knowing all of the benefits that going green has for the planet, it can be surprising when the government chooses not to invest in green ideas or policies. This is usually down to the costs green policies involve, as they often require large investments or sacrifices of land and resources that could have been put towards something more profitable. For example, a small wind turbine currently costs at least £10 000, may use up land that could otherwise be used for businesses such as farms, and due to it’s size might not even save enough energy to return its original cost. If the wind turbine does not return its original cost, despite it helping the environment because it provides us with a renewable energy resource, does this mean that ultimately it is not worth it?
This conflict can be reversed too, as things that are bad for the economy can often be good for the environment, such as the increasing costs of oil which is financially bad for any country without their own reserves, but good for the environment as it means we are more likely to turn to renewable energy. There are many more clashes of interest such as this, which is why we often see people protesting against government policies, such as the current anti-fracking campaigns we are seeing a lot of throughout the UK. These disputes mean many people believe that there is no way we can protect the environment and the economy at the same time, and so have to decide which we value the most.
If you agree that the environment and the economy’s interests do not go hand in hand, you may take the stance that eco-investments like wind turbines are too expensive to be an option when the money could be put elsewhere like hospitals and schools. Or, you may take the stance that these investments should be approved regardless of the initial costs due to the long-term benefits and eventual payback. Perhaps surprisingly, some people who value the environment more than the economy think we should concentrate on economic growth right now in order to make larger investments in the future, and likewise some of those who prioritise the economy think eco-investments are worth the expenditure as they would lead to further growth. Whatever your position on the matter, you will agree that it isn’t always easy to know which decision is best.
Luckily for you, when it comes to LED lighting at least, you do not have to decide what you priorities are. LED lighting is environmentally friendly as it uses less energy, contains no mercury, and emits no UV and very few infra-red rays. Our lighting is also good for your pocket, as we ensure our prices are as low as possible for products of their quality, and all of our lights save enough energy to mean they return their initial costs before their warranties run out, so if you switch to our lights we promise you will save money in the long-run!