Conclusion – Green Economy
India ranks 68th out of 80 countries on the Global Green Economy Index despite having made significant international commitments to the Paris Climate Agreement and the 2030 Global Development Agenda (GGEI). In light of the numerous crises and rising resource shortages, the economic paradigm of greening the economy has taken center stage in regional and global sustainable development processes. The timely provision of high-quality and pertinent skills is essential to a green economy. Workers need to update their skills or learn new ones and be prepared with sustainability-related capabilities, which Education for Sustainable Development (ESD) may deliver. A fresh approach to the economy is needed to address these issues. Future research should focus more on green innovation in the public sector. Of course, this might concentrate on various institutional and organizational innovations, such as new and/or updated designs for policy instruments. To do this, we must stimulate the demand for green technologies, products, and services, opening up new markets and employment prospects. The time has come to embrace the green economy.
Green Economy
Green Economy: A green economy is a process of fostering social and environmental sustainability via the encouragement of public and private investment in infrastructure. The green economy is significant because it promotes low-carbon, sustainable economic growth and guarantees that natural resources will continue supporting our well-being by providing resources and environmental services. At their core, economies are made up of laws and standards that reward some behaviors and penalize others. Our economies currently encourage excessive consumerism, weaken social ties, and deplete natural resources. But this is just how our economies have developed to work; it is neither inevitable nor necessary.
Investments in renewable energy, including solar power, onshore and offshore wind power, hydrogen, electric vehicles, and energy-efficient housing, indicate a green economy. Sustainable development is not replaced by the idea of a “green economy,” but rather, a new emphasis is placed on the economy, investment, capital, infrastructure, jobs, skills, and favorable social and environmental results.
In this article, we will learn about Green Economy, its principles, primary focuses, initiatives launched by the government, strategies to enhance green economy, advantages etc.
Table of Content
- Guiding Principles of the Green Economy
- Primary Focuses of the Current Green Economy
- Green Economy Transition’s Business Opportunities
- Green Economy Global Initiatives
- Partnership for Action on Green Economy (PAGE)
- Green Energy Initiatives Launched by the Government
- Strategies for Achieving a Green Economy
- Role of Technology in Green Economy
- Advantages of Green Economy
- Difficulties in achieving Green Economy
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