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A green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities – United Nations Environment Programme (UNEP) (2010).Its most distinguishing feature from prior economic regimes is direct valuation of natural capital and nature’s services as having economics value (see TEEB and Bank of Natural Capital) and a full cost accounting regime in which costs externalized onto society via ecosystems are reliably traced back to, and accounted for as liabilities of, the entity that does the harm or neglects an asset.

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