It is the concept of reducing or eliminating carbon dioxide (CO₂) emissions and other greenhouse gases from economic and social activities to mitigate the effects of global warming and climate change. 

It is a concept that focuses on maximizing resource utilization through Reduce, Reuse, and Recycle to minimize waste, decrease the use of new resources, and reduce environmental impact. 

The application of environmental value in the economic context emphasizes conservation and the sustainable use of natural resources while simultaneously generating economic benefits.