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    Divya Darshini Saravanan
    Going green has significant economic benefits for both businesses and individuals. It helps lower costs through reduced energy and water bills, lower waste disposal costs, and savings on appliances and repairs. Going green also leads to higher profits for companies through increased gross margins, returns, and cash flow. Individuals can receive incentives for green living from some states. Overall, going green strengthens the economy by creating new jobs in renewable energy and lowering pollution-related healthcare costs and fossil fuel dependency.

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    Comm 6

    Uploaded by

    Divya Darshini Saravanan
    54 views1 page
    Going green has significant economic benefits for both businesses and individuals. It helps lower costs through reduced energy and water bills, lower waste disposal costs, and savings on appliances and repairs. Going green also leads to higher profits for companies through increased gross margins, returns, and cash flow. Individuals can receive incentives for green living from some states. Overall, going green strengthens the economy by creating new jobs in renewable energy and lowering pollution-related healthcare costs and fossil fuel dependency.

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    Going green has significant economic benefits for both businesses and individuals. It helps lower costs through reduced energy and water bills, lower waste disposal costs, and savings on appliances and repairs. Going green also leads to higher profits for companies through increased gross margins, returns, and cash flow. Individuals can receive incentives for green living from some states. Overall, going green strengthens the economy by creating new jobs in renewable energy and lowering pollution-related healthcare costs and fossil fuel dependency.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    54 views1 page

    Comm 6

    Uploaded by

    Divya Darshini Saravanan
    Going green has significant economic benefits for both businesses and individuals. It helps lower costs through reduced energy and water bills, lower waste disposal costs, and savings on appliances and repairs. Going green also leads to higher profits for companies through increased gross margins, returns, and cash flow. Individuals can receive incentives for green living from some states. Overall, going green strengthens the economy by creating new jobs in renewable energy and lowering pollution-related healthcare costs and fossil fuel dependency.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
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    It is economically advantageous to go green as doing so has been shown to bring in higher

    gross margins, higher return on sales, higher return on assets, and stronger cash flow for a
    company. This is because going green makes it easier for an organization to follow guidelines
    for meetings and events which in turn leads to a better return on investment. A significant
    economic benefit of going green is that it helps lower costs and save money. Use of
    renewable energy helps reduce energy consumption which in turn helps save money used on
    electricity bills. An apparent benefit of going green at home is that it helps reduce water and
    power bills significantly. It is possible when we reduce water consumption for example if we
    run the washing machines full loads or add water-saving appliances in shower and
    washrooms. Another way to potentially save a hundred dollars is through the purchase of
    energy star appliances and water-saving plumbing systems. Recycling is another way to go
    green. Recyclable products last longer than other products which can save on money used for
    repair and maintenance. When we recycle products as well as create Do-it-Yourself (DIY)
    items, we not only reduce wastage, but we also become more creative which helps create new
    products consistently and thus reduce the cost of buying new products. Buying recycled
    products is also much cheaper and helps save on production costs since it would have been
    costly to create new products from fresh and virgin raw materials. Waste reduction also helps
    save the cost of waste disposal. Another advantage of going green is that one can receive
    discounts and incentives for green living, for instance, some states offer incentives to those
    that opt to live in green homes. Green homes create ways to consume less energy which helps
    reduce utility and maintenance costs. Going green by reducing or eliminating air pollutants
    makes the air we breathe in clean which means good health and less expenditure on hospital
    bills and insurance products. Just like an adage goes, “prevention is better than cure,”
    reducing pollutants is cheaper than trying to clear pollution from the environment if we allow
    it to spread. Going green also reduces dependency on fossil fuels and
    other depleting resources. Organic farming boosts the economy and means that we can eat
    local, organic and seasonal produce which are affordable. Another economic benefit of going
    green is that it helps strengthen and stimulate the economy through the creation of
    employment opportunities. There are more jobs in both renewable energy operations and
    maintenance. Use of green and renewable energy also helps reduce the emission of carbon
    dioxide to the environment which helps reduce carbon footprints.

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