Green Chemistry: The Economic Impact Perspective

Abstract

Green chemistry is known as a study that aims to reduce or eliminate the adverse effects of the use of hazardous chemicals that can damagethe environment and health. Environmental damage and poor health as caused by hazardous chemicals will affect the issuance of costs. This present study aims to discuss green chemistry and its impact on the economy through a literature review. This study is a review article that explains the conceptof green chemistry and its impact on the economy. Based on the results of the study showed that the implementation of green chemistry will reduce thecost of recovery, prevention, and also reduce health costs. It is recommended that the firms in conducting manufacturing activities adopt green chemistryin their manufacturing activities

A Review on Challenges and Impact of Green Chemistry on Environment

“…Green chemical practices are being adopted by the sector since they boost business profitability. The application of green chemistry reduces a variety of operating costs [20].…”

Complementary green analytical procedure index (ComplexGAPI) and software

“…Chemistry and economy are two different areas of science, which face environmental challenges and develop divergently. [20][21][22] The role of green chemistry is not only the protection of the environment by preventing pollution, but also increasing the manufacturing performance and minimizing the production costs. 21 Therefore, green chemistry and green economy are complementary approaches with a synergistic effect when applied jointly to complex problems.…”

“…[20][21][22] The role of green chemistry is not only the protection of the environment by preventing pollution, but also increasing the manufacturing performance and minimizing the production costs. 21 Therefore, green chemistry and green economy are complementary approaches with a synergistic effect when applied jointly to complex problems. 22 Numerous operating costs are decreased through the use of green chemistry, e.g., the cost of waste storage and treatment, or compensation payments for environmental damage.…”