Environmental economics is a branch of #economics that focuses on the relationship between the economy and the #environment . It seeks to understand and analyse how human activities impact the natural environment and how the environment, in turn, affects economic systems. Environmental economics aims to provide insights and tools for addressing environmental challenges and achieving #sustainabledevelopment . In this blog post, we will focus on the working of sustainable #green economics with amendments emphasising the overall development of the world. In 2000, #climatechange had not gained the attention and urgency as today. In 2023, environmental economics is focused on understanding and addressing the economic implications of climate change, including the costs of mitigation and adaptation measures, #carboncredits , and the valuation of ecosystem services affected by climate change. After so many initiatives taken by various organisations, there is still a gap in the #emissionstr