Tuesday, 19 October 2010

Greens, Resources and Cost

I'm sure I've heard environmental campaigners say that we're using up the planet's resources too fast. They also suggest as a solution that we switch to "greener" technologies. Now, I'm no economist so someone tell me where I'm going wrong.

Companies seek to make a profit. The lower their costs the more profit they can make. Lower costs mean using fewer resources. Therefore, if green technologies cost more than other ones doesn't that mean they are using more resources somewhere?

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