Theoretical Understanding of and Practice Path for Building an Ecological Economic System

Hongbo Chen ()
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Hongbo Chen: Institute for Urban and Environmental Studies, Chinese Academy of Social Sciences, F8, MCC Tower, 28 Shuguangxili, Chaoyang District, Beijing 100028, China

Chinese Journal of Urban and Environmental Studies (CJUES), 2019, vol. 07, issue 04, 1-16

Abstract: The economic system aimed at integrating industries and ecosystems is one of the five major systems for building an ecological civilization. What is an ecological economic system? It is an economic system that can keep economic growth ecologically neutral, i.e. an economic system that can maintain high-speed economic growth by following ecological and economic rules and without destabilizing ecosystems, so as to meet people’s ever-growing needs for a better life. Its features include minimum impacts on ecosystems and maximal eco-economic benefits, zero-carbon renewable energy as drivers, efficient connection between clean production and ecological industrial chains, equal stress on economical, non-waste material consumption and diversified non-material consumption. In practice, building an ecological economic system requires the establishment of a market system based on reflecting the scarcity of ecological elements, a technology support system relying on ecological innovation, a modern ecological industry system oriented to high-quality development, an investment system targeted at ecological capital gain and value realization, and a performance evaluation system guided by eco-efficiency and benefits. Besides, it is also required to establish and improve the property right system for ecological assets, study and formulates guiding policies for industries, speed up the eco-friendly reform of tax system, strengthen the innovation of green financial system and strictly observe the ecological red line.

Keywords: Ecological economic system; theoretical understanding; practice path; ecologically neutral economic growth; institutional mechanism (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1142/S2345748119750101

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