Toward a new paradigm of environmentally friendly cultural values

Quy Khuc (), Tung Ho, Hong-Kong T. Nguyen, Hoang Nguyen, Ho Toan, Thu-Trang Vuong, Viet-Phuong La and Quan-Hoang Vuong
Authors registered in the RePEc Author Service: Hong Kong To Nguyen () and Quan-Hoang Vuong

No 3g26q, OSF Preprints from Center for Open Science

Abstract: Climate change gives rise to a growing threat of extinction to humankind, yet the current approach and solutions appear insufficient in addressing it effectively. This paper presents a critical review of the climate crisis and current approaches, highlighting how misguided would it be to exclude enterprises—the primary drivers of the climate problems—from top-down policy-making. In assessing the different core cultural values of environment-damaging and environment-protecting enterprises, the authors suggest embracing a new paradigm of environmentally-friendly cultural values. The new paradigm, which calls for a process of identifying, transforming, and synthesizing a set of core cultural values, serves as the cornerstone of the whole system and aims to shift the core cultural value from “exploitation” to “construction.” As environmentally-friendly cultural values can shape human progress away from capitalism/monetarism and toward environmentalism, it could be added to Harrison and Huntington’s (2001) list of human cultures as the 11th value. The paradigm comprises two mutually interacting attributes: (i) money cannot trade for environmental deficits, and (ii) environmental embellishment value needs to become a new “measure of profit,” priced at least on par with monetary value. The insights carry serious implications for policy-makers in engaging enterprises in the fight for a more habitable and sustainable planet.

Date: 2020-11-06
New Economics Papers: this item is included in nep-env and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:3g26q

DOI: 10.31219/osf.io/3g26q

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