In my opinion, the concept of sustainable development is often exploited and transformed into ‘dwarf sustainable development’ through greenwashing practices, which are primarily aimed at extorting financial subsidies from public and private institutions. I argue that this mechanism is based on falsification and selective reporting of pro-environmental activities that are only superficial and do not lead to real transformation. Many businesses, instead of investing in costly and innovative solutions that actually reduce their negative impact on the environment, focus on easily demonstrable, symbolic changes. Such actions allow them to meet formal requirements and gain access to funds earmarked for green transformation, even though they do not actually contribute to the achievement of climate goals. As a result, funds that could support real innovation and pioneering projects are wasted, and confidence in the very idea of sustainable development is undermined, posing a serious threat to global climate and environmental protection efforts.
Dariusz, the question is not about sustainable development, it is about Sustainability markets and dwarf sustainability markets. As I said in the context supporting the question, if you are not familiar with these SPECIFIC CONCEPTS you will not be able to see the difference.
DF) Sustainability thought 174: Using the sustainability market price to derive the three imperfect market ways to manage the consequences of distorted traditional market pricing mechanisms under externality cost management
(PDF) Sustainability thought 174: Using the sustainability market price to derive the three imperfect market ways to manage the consequences of distorted traditional market pricing mechanisms under externality cost management
Sustainability thought 173: Using the sustainability market price to derive the three perfect market ways to correct distorted traditional market pricing mechanisms under externality cost internalization
Dariusz, keep in mind, there is sustainable developmentwashing, sustainabilitywashing, green marketwashing, red marketwashing, yet these behavior is not what makes markets DWARF MARKETS. It is the nature of cost internalization that makes them dwarf markets.
I appreciate your comments Dariusz, your interest in shaping a better world by going outside the box I admire.
Your comment looks like a CHATGPT type of answer to a very specific question, usually.long enough to bring in contradicting statements. This time, the comment is perfect, those are the general differences between those two different types of markets. If you would like to know the specific differences I invite you to read the two articles I shared related to the question.
Nice to hear that Houria, notice that I am the only one so far coining those ideas/concepts and promoting them to differentiate them from traditional market thinking and use them to point to the future and the closing of knowledge gaps that needs to take place towards sustainability based macroeconomic and microeconomics, green market based macroeconomics and microeconomics, and red market based macroeconomic and microeconomics. As far as I know true sustainability thinking and dwarf green market thinking using qualitative comparative conjunctural interactions is found only in my work I have shared since 1999.
True sustainability markets internalize environmental and social costs broadly (pricing, institutions, standards, finance) and aim for system-level corrections, whereas dwarf sustainability markets are localized, partial, or niche interventions that manage symptoms without resolving underlying unpriced externalities—useful as complements but insufficient as systemic substitutes.