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Introduction:

Green economy is defined as a division of economics that focuses on the


correlation between economics and the environments, specifically how
each affect one another (Wizelius, 2007). The foundation of green
economics suggests that all decisions related to the economy should be
made with the environment in mind (Alkon, 2012).Green economic system
is described as an ecological economic system in addition to modern
society using absolutely nothing emissions plus a one-planet footprint in
which all strength is derived from environmentally friendly sources that
happen to be normally replenished (Miller, 2010).Environmentally friendly
power has considerably lower detailed fees compared to the higher on-
going charges connected with fossil fuel in addition to fuel extraction in
addition to transport (Henderson and Sethi, 2006).

To help engender economic development with no wrecking our world, we


need to utilize electricity more efficiently in addition to much better
incorporate option electricity options in to the electrical power grid
(Kennet, 2012). Through the use of applications in addition to equipment
recognized through electronic digital structure, this kind of as broadband in
addition to info verbal exchanges engineering, you can make a natural the
actual Green Overall economy (Raj, 2011).By means of transforming the
actual way folks in addition to businesses utilize engineering, These may
reduce fractional emissions through the estimated 13 to help 25 for each
cent through 2020 (Matsuda, 2013).Perhaps notice uncouth electricity in
addition to gas financial savings of $140-240 billion overall economy
continuing the economic development in addition to creating brand-new
work although minimizing the electricity intake in addition to green house
gasoline emissions (Pizzitola, 2002).Economic activity related to reducing
the use of fossil fuels, decreasing pollution and greenhouse gas emissions,
increasing the efficiency of energy usage, recycling materials, and
developing and adopting renewable sources of energy.(Scott T
Young,2012)

Depending upon the sectors of green economics that includes in the


definition of the green economy and the breadth of the occupations
included within individual segments, estimates of the size of the green
economy can vary greatly. There have been two major efforts to quantify
the size of the renewable energy and energy efficiency sectors in the U.S.
– a 2007 study prepared for the American Solar Energy Society (ASES) and
a 2008 report prepared for the U.S. Conference of Mayor Depending upon
the sectors one includes in the definition of the green economy and the
breadth of the occupations included within individual segments, estimates
of the size of the green economy can vary greatly. There have been two
major efforts to quantify the size of the renewable energy and energy
efficiency sectors in the U.S. – a 2007 study prepared for the American
Solar Energy Society (ASES) and a 2008 report prepared for the U.S.
Conference of Mayors.(Charles goldman,2010)
Literature Review:

Environmental sustainability is meeting the resource and services needs of


current and future generations without compromising the health of the
ecosystems that provide them, and more specifically, as a condition of
balance, resilience, and interconnectedness that allows human society to
satisfy its needs while neither exceeding the capacity of its supporting
ecosystems to continue to regenerate the services necessary to meet those
needs nor by our actions diminishing biological diversity.( Morelli, John
,2011). Environmental sustainability involves making decisions and taking
action that are in the interests of protecting the natural world, with
particular emphasis on preserving the capability of the environment to
support human life. It is an important topic at the present time, as people
are realizing the full impact that businesses and individuals can have on the
environment.(J.P.Evans,2011)

Sustainable development emphasizes the need of supporting development


with the three indispensable pillars of economic, social and environmental
sustainability. The Green Economy is conceptually different in that it
focuses specifically on the sustainability of the economic pillar. It does not
aim to replace the sustainable development concept but rather
complement it by emphasizing the importance of improving the
sustainability of the global economy. Seeing that eco-friendly economic
climate is usually dedicated to think about the significance about their
about three components, let's check out the Indonesian international
motivation to relieve greenhouse propane (GHG) emissions through 20
percent having nation's initiatives by itself or through 41 percent having
overseas service through 2020 .The GHG emissions reduction demands low
carbon advancement. This kind of echo’s in which, through the legal
standpoint of our own national politics involving advancement as well as
the Indonesian international motivation, the eco-friendly expansion
strategy nowadays progressively more turns into the driving a car serp for
that nation's advancement involving Philippines. (Raj, 2011).

Energy efficiency is a way of managing and restraining the growth in


energy consumption. Something is more energy efficient if it delivers more
services for the same energy input, or the same services for less energy
input. For example, when a compact florescent light (CFL) bulb uses less
energy (one-third to one-fifth) than an incandescent bulb to produce the
same amount of light, the CFL is considered to be more energy
efficient.(I.E.A,2015)

Factors of Sustainable Environment & Power Saving


Industry:

Factor of sustainable environment:

1. Zero Carbon Emission: Zero carbon emission is the most basic factor
of green economy as well as sustainable environment. The main theme
is to create an energy infrastructure with zero carbon emissions that is
powered 100 percent by renewable energy. For example we can take
solar energy.
2. Sustainable & Efficient Energy: Introducing sustainable and efficient
energy that helps to create an effective value addition in the process of
green economy.
3. Sustainable Governance Model for Ecosystem: The preservation
and protection of the world’s ecosystems, biological diversity and forests
in partnership with indigenous peoples and all relevant stakeholders
through the creation of sustainable governance models, markets and
business models for delivering, maintaining and paying for ecosystem
services through green economics.
4. Balancing Environment: Managing and adjusting the balance in the
environment through Green Economy can help to create an extensive
impact in creating sustainable environment. Like we can use a non-
fossil-fuel heating system.

Factors of Power Saving Industry:

1. Renewable Energy: Renewable energy technologies; breakthrough


clean tech solutions; as well as enabling regulation and carbon markets.
It’s becoming cost-competitive in an increasingly broad range of
circumstances.

2. In Mint Conditions Are Applied: Power saving industries use cost-


effective strategy for building economies without necessarily
increasing energy consumption. Because demand for ‘Good’ is increasing.

3.Exotic Technological Potentials: By following the Government rules &


business code , power saving industries construct their factory in rural
areas .Also making the most of economies if scale – the emerging
technological potentials for linking grids across large region.

4. Object Point OF Developing Countries: Managing and adjusting the


balance in the environment through power saving industry will help
countries economy to grow faster.

METHODOLOGY
Data will be entered into the Statistical Package for Social Sciences (SPSS)
for analysis. SPSS will be used to perform the analysis as it aids in
organizing and summarizing the data by the use of descriptive statistics.
Descriptive statistics will be used to analyze the data because this study
will be modeled on a descriptive framework. Descriptive statistics namely
means scores; standard deviation and frequency distribution will be used to
analyze the data. Data presentation will be done by the use of frequency
tables, pie charts, bar charts and graphs. Statistical tests such as
independent sample ANOVA will be used to analyze the differences in
means of the groups. Logarithmic regression analysis will be used to
understand the relation between the dependent and the independent
variable. Regression analysis is a commonly used tool for measuring the
effect of independents variables over dependent variable.

ANALYSIS
Objectives and their Analysis:
a. an energy infrastructure with zero carbon emissions that is powered
100 percent by renewable energy — made possible through a
combination of proven, renewable energy technologies; breakthrough
clean tech solutions; as well as enabling regulation and carbon
markets

Freque Valid Cumulati


ncy Percent ve
Percent
strongly 37 37.0 37.0
agree
agree 47 47.0 84.0
neutral 11 11.0 95.0
disagree 4 4.0 99.0
strongly 1 1.0 100.0
disagree
Total 100 100.0
Around 95 % of the respondent are either strongly agree, agree or neutral
about the positive impact of energy saving industry. The representation of
these data is given below:
Objective 2:

Introducing sustainable and efficient energy that helps to create an


effective value addition in the process of green economy and their impact
on the given factors associated with the sustainable power saving industry.

Freque Valid Cumulati


ncy Percent ve
Percent
strongly 46 46.0 46.0
agree
agree 38 38.0 84.0
neutral 8 8.0 92.0
disagree 5 5.0 97.0
strongly 3 3.0 100.0
disagree
Total 100 100.0

Graphical Representation of Data:


Valid Percent

strongly agree
agree
neutral
disagree
Total

Objective 3: The preservation and protection of the world’s ecosystems,


biological diversity and forests in partnership with indigenous peoples and
all relevant stakeholders through the creation of sustainable governance
models, markets and business models for delivering, maintaining and
paying for ecosystem services through green economics.

Freque Valid Cumulativ


ncy Percent e Percent
strongly 55 55.0 55.0
agree
agree 27 27.0 82.0
neutral 12 12.0 94.0
disagree 6 6.0 100.0
Total 100 100.0
Valid Percent

Valid Percent

0 20 40 60 80 100

Objective 4: Managing and Adjusting the balance in the environment


through Green Economy and its integration with power saving industry can
help to create an extensive impact in both sector.

Freque Valid Cumulati


ncy Percent ve
Percent
strongly 39 39.0 39.0
agree
agree 37 37.0 76.0
neutral 19 19.0 95.0
disagree 1 1.0 96.0
strongly 4 4.0 100.0
disagree
Total 100 100.0
strongly agree agree neutral disagree

38%

21% 20%

41% 1%

Discussion:
Beyond Zero Emissions, a non-profit, independent climate change solutions
research and advocacy group is currently working on the Zero Carbon
Emission 2020 Project (ZCA2020). ZCA2020 is a casted, detailed blueprint
for a transition to a zero-emissions economy in ten years using proven,
commercialized technology. The purpose of ZCA2020 is to show the public
and decision-makers that reaching a zero emissions economy is not only
desirable, but ready to be implemented and only awaits sign-off from the
Government. The document aims to initiate serious and urgent efforts to
mitigate the risks posed by global warming, and to describe the
infrastructure and resources required to reduce carbon emissions to zero in
the medium term. Reliable, peer-reviewed climate science calls for a
reduction in atmospheric CO2 (carbon dioxide) concentrations from today’s
level at almost 390 parts per million (ppm) to less than 350ppm, most
likely 300ppm. Incremental reductions in carbon emissions, such as the
proposals for 5%-25% reductions currently on the political agenda, will not
achieve this target if adopted globally. Transitioning to a zero-emissions
economy by 2020 represents doing its bit to prevent catastrophic global
warming. ZCA2020 relies exclusively on technologies and solutions that are
commercially available and that can be casted with confidence. ZCA2020
calls for the provision of infrastructure that will allow the maintenance or
improvement of living standards, comfort, and personal mobility whilst
achieving the necessary decarburization.

Solar power is an important source of renewable energy and its


technologies are broadly characterized as either passive solar or active
solar depending on the way they capture and distribute solar energy or
convert it into solar power. Active solar techniques include the use
of photovoltaic systems, concentrated solar power and solar water
heating to harness the energy. Passive solar techniques include orienting a
building to the Sun, selecting materials with favorable thermal mass or light
dispersing properties, and designing spaces that naturally circulate air. The
large magnitude of solar energy available makes it a highly appealing
source of electricity.

According to a new study, cutting back on energy waste — and cutting


carbon emissions in the process — can take just a few simple fixes, like
installing a tiny plate in each radiator’s valve to slow the release of steam;
adding insulation and a temperature sensor; and affixing a control knob on
the exterior of each radiator.
Implication:

1. Install and set a programmable thermostat. We could save an


estimated 10 percent per year on heating and cooling costs by using
a programmable thermostat, and by resetting it when you are asleep or
away from home, you won’t have to sacrifice comfort.

2. Use sunlight to our advantage. The sun’s rays can contribute heat in
the winter but force air conditioners and fans to work harder -- and use
more energy -- in the summer. During winter months, you can take
advantage of sunlight by opening your curtains during the day to allow
the sun to naturally heat your home. During warmer months, use light-
colored window shades or blinds to reflect heat back outside, keeping
your home cooler and more efficient. Using natural light effectively will
also reduce the need to use artificial light.

3. When replacing appliances or purchasing electronics, look for


ENERGY STAR appliances, fans and electronics. Our
home’s appliances and electronics account for close to 20 percent of our
energy bills. Using ENERGY STAR® certified products -- which
incorporate advanced technologies that use 10-15 percent less energy
and water than standard models -- throughout our home could save
nearly $750 over the lifetime of the products. For example, ENERGY
STAR clothes washers use about 40 percent less energy than
conventional clothes washers while reducing water bills. ENERGY STAR
washers also require less detergent and are gentler on clothes, saving
you money on clothing expenses.

4.Choose energy-saving lighting. About 10 percent of the energy


your home uses goes to lighting. By just replacing five of your home's
most frequently used lights with energy-efficient ENERGY STAR bulbs,
you could save $75 a year in energy costs. Compared to traditional
incandescent bulbs, compact fluorescent bulbs can yield as much as 75
percent energy savings and last six-times longer. We can get even more
energy savings, longer life span and less wasted heat by switching to
ENERGY STAR LEDs. Replace halogen light bulbs, which can get hot
enough to be a fire hazard, with CFLs – they use less energy and don’t
get as hot.

5. Use an electronic power strip for your electronic


equipment. Many electronic devices and equipment continue to
consume unnecessary energy even when not in use. Often called
energy vampires, these devices cost families about $100 a year. Use
a power strip for electronic devices and turn it off when not in use to
eliminate energy vampires. And be sure to unplug your chargers -- they
draw energy even when they aren’t connected to a device.IN a survey
it shows that using power strip can save a countries 10% of the home
energy uses.

6. Reduce energy for water heating. Water heating is a large


energy expense in your home, accounting for about 14-18 percent of
your utility bills. By taking low-cost steps, you can reduce your water
heating bills. Make sure your water heater is set to no higher
than 120 degrees. Install low-flow showerheads or temperature-
sensitive shower valves. Newer water heaters have
more insulation than older ones. If your water heater is more than
five years old, you should wrap a water heater jacket around it to
stop heat loss from the tank. Again in some countries you can
replace your old water heater with the new ones which has energy
star in a very cheap price.

7. Using smart cooking system: Using microwaves and toaster


ovens to cook or warm leftovers. We use less energy than cooking with
a conventional oven. It can save 6.5% of daily energy consumption.
Using copper-bottomed pots and pans that use heat more efficiently
when cooking on the stove.
 8. Using efficient operating system in computer: Installing high-
performance windows, screens and films to protect upholstery, wood
and artwork from UV rays while saving energy.

9. Changing the home cooling plan : Installing more ceiling fans.


Because the breeze of a fan can make you feel three to four degrees
cooler, you can raise that thermostat and still stay comfortable.

10.Hire a professional to maintain your heating and cooling


system. Arrange for annual maintenance with a qualified technician.
This includes checking the airflow over the coil, testing for the correct
fluid (refrigerant) level, checking the combustion process and heat
exchanger are operating safely, and ensuring proper air-flow to each
room. In addition, you should clean the air filters in your heating and
cooling system once a month, and replace them regularly.

11. Consult a home performance contractor to achieve large


savings. There is a growing industry of professionals who are qualified
to make recommendations to homeowners on how to improve the
overall energy efficiency of their homes. These professional energy
assessors will do a comprehensive energy audit of your whole house
using special tools -- such as a blower door test and an infrared camera
to locate air leaks -- to measure home energy efficiency.

A professional energy audit gives us a thorough picture of where our


home is losing energy and what we can do to save money. By making
upgrades (especially sealing air leaks and properly insulating your home),
you can expect to save 15-30 percent or more in energy costs, while also
improving your home’s comfort and air quality.
Conclusion
As the dominant position associated with hydrogen in the eco friendly
energy future will be extensively approved, your approaches for your move
by fossil-based to be able to hydrogen economic system remain actively
contested. This paper stresses your position associated with carbon-neutral
technology along with powers throughout the move period of time. To
meet up with your the planet's rising hunger intended for energy along
with maintain planet earth wholesome, no less than 10 TW (or terawatt)
associated with carbon-free energy really needs to be that is generated by
mid-century. About three prominent selections outlined within the literature
include things like: decarburization associated with fossil energy, nuclear
energy along with environmentally friendly energy solutions. These types
of selections are examined on this paper with a exclusive increased
exposure of your position associated with hydrogen as a carbon-free
energy carrier. For example, your creators of these studies compare
various fossil decarburization approaches along with assess the probable
associated with nuclear along with environmentally friendly energy sources
in order to meet your 10 TW concentrate on. A synopsis associated with
state-of-the-art technology intended for generation associated with carbon-
free energy carriers along with vehicles powers, along with the assessment
of their business oriented probable will be presented. It really is revealed
that neither of them of those a few selections on its own could possibly
provide 10 TW associated with carbon-neutral energy without significant
changes within the active commercial infrastructure, and/or scientific
innovations in numerous places, and/or a large ecological danger. Your
creators of these studies propose some sort of circumstance for the move
by current fossil-based to be able to hydrogen economic system that also
includes a couple key elements: (i) modifying your fossil decarburization
technique derived from one of based on LASER sequestration to a single
which involves sequestration and/or by using sound as well as, along with
(ii) generating carbon-neutral synthetic powers by bio-carbon along with
hydrogen created by h2o making use of carbon-free solutions (nuclear, pv,
wind, geothermal). This tactic will allow using the existing gas commercial
infrastructure without an adverse ecological influence, and yes it would
certainly safe some sort of easy carbon-neutral move by fossil-based to be
able to future hydrogen economic system.

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Brown, M. and Orsborn, C. (2006). Boom. New York: American


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Charles Goldman, Merrian C. Fuller and Elizabeth Stuart Lawrence
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Hahnel, R. (2011). Green economics. Armonk, N.Y.: M.E. Sharpe.

Henderson, H. and Sethi, S. (2006). Ethical markets. White River Junction,


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International Energy Agency, Energy Efficiency Market Report 2015

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Kennet, M. (2012). Handbook of green economics. Reading: Green


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Scott T. Young, Kanwalroop Kathy Dhanda Sustainability: Essentials for
Business

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