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Essay On Green Economy

1351 Words6 Pages

Green growth and green economy have been subject to various definitions but those currently being used by international organizations have a lot in common. Greening growth (GG) and moving towards a greener economy (GE) is complex and multidimensional. Green growth is a matter of both economic policy and sustainable development policy. It tackles two key imperatives together: the continued inclusive economic growth needed by developing countries to reduce poverty and improve wellbeing; and improved environmental management needed to tackle resource scarcities and climate change. The concept of green economy rests on the economy, the environment and the social pillars of sustainable development.
According to the United Nations Environmental Programme (UNEP) “A green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. In its simplest expression, a green economy can be thought of as one, which is low carbon, resource efficient and socially inclusive. ”This states that green economies are not based on demand for sacrifice, but on the idea of qualitative growth, where low-carbon and environment friendly technologies are utilized as well as international cooperation plays a key …show more content…

And there are many examples of successful, large-scale programs that increase growth or productivity and do so in a sustainable manner. China is one of the good examples to understand what green economy would be like in developed countries. Currently china invests more than any other country in renewable energy. Its total installed wind capacity grew 64% in 2010. This growth is driven by a national policy that sees clean energy as a major market in the near future, and one in which China wants to gain a competitive

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