Author(s) :

Rattan Sharma .

Volume/Issue :

Abstract :

The concept of a green economy has gained immense popularity in recent years as a means of achieving sustainable development. The green economy is an economic model that emphasizes the importance of integrating environmental sustainability into economic growth and development. This article explores the concept of the green economy and its potential for achieving sustainable development. We examine the key principles of the green economy, such as resource efficiency, circular economy, and sustainable consumption and production, and how they contribute to sustainable development. The article also discusses the challenges and opportunities for implementing the green economy, as well as the policies and strategies required to support its adoption. This article aims to demonstrate that the green economy can play a critical role in achieving sustainable development and provide a pathway towards a more sustainable and equitable future for all.

No. of Downloads :

33

KEYWORDS:

Green Economy, Sustainable Development, Environmental Sustainability, Renewable Energy, Circular Economy, Green Jobs, Ecological Balance, Climate Change, Social Equity, Economic Growth

INTRODUCTION & OBJECTIVES:

The concept of sustainable development has gained tremendous attention in recent years, as the world has become more aware of the pressing need to protect the environment while also promoting economic growth and social development. The UN SDGs deliver an outline for countries and organizations to work towards sustainable development by 2030, through a range of initiatives focused on ending poverty, protecting the planet, and ensuring prosperity for all. One key approach to achieving these goals is through the adoption of a green economy, which refers to an economic system that is low carbon, resource-efficient, and informally comprehensive. The green economy is often seen as a pathway to sustainable development because it offers a way to address multiple challenges simultaneously. By reducing reliance on fossil fuels and transitioning towards renewable energy sources, the green economy can help mitigate the impacts of climate change, such as rising sea levels, more frequent and severe natural disasters, and loss of biodiversity. At the same time, by promoting sustainable agriculture, protecting natural habitats, and investing in green infrastructure, the green economy can also create new economic opportunities and improve the livelihoods of people around the world. There are a number of different approaches to defining and implementing a green economy, and much of the discussion around this concept centers on how to balance environmental and economic goals. Some argue that the green economy must prioritize environmental protection above all else, while others emphasize the need to promote economic growth and job creation. However, many experts agree that a truly sustainable green economy must be designed with both environmental and social objectives in mind. The transition to a green economy is not without its challenges, however. One major obstacle is the need to overcome entrenched interests and established industries that may resist changes to the status quo. Another challenge is the high up-front costs associated with many green technologies and infrastructure projects, which may be prohibitive for many countries and communities. Additionally, there is a need to ensure that the transition to a green economy is equitable, and that the benefits of sustainable development are shared fairly across different groups and communities. Despite these challenges, the potential benefits of a green economy are clear. By creating new jobs, protecting the environment, and promoting sustainable economic growth, the green economy offers a pathway to a more equitable and sustainable future for all. As such, it is a critical component of efforts to achieve the Sustainable Development Goals, and deserves careful consideration and attention from policymakers, business leaders, and individuals around the world.

DOI:

10.58426/cgi.v5.i1.2023.1-9