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Thematic Report: Green Economy for the ecofriendly future

by Sandhya Adhikari | 10-08-2021 01:05 recommendations 0

It is obvious that Humanity is going to faces serious challenges in the coming decades: climate change, biodiversity loss, growing inequality, and more than these all. These systemic, predictable global crises cannot be tackled in isolation, because they are all interconnected with each other. These all has led everyone  to make a claim  that the traditional economic models need to be reformed in order to address climate change, biodiversity losses, water scarcity, etc., while at the same time addressing key social and economic challenges. The recent economic and environmental crisis also suggests  us that the time is ripe for governments around the world to implement a new kind of economy, which is resilient, sustainable, operates within the limits of our planet¡¯s resources and creates a fairer society So the concept of green and circular economy can be the promising approach for the eco friendly future.
 
Green Economy
The Green Economy is an alternative vision for growth and development; one that has ability to  generate economic development and improvements in people¡¯s lifestyle in ways consistent with addressing  environmental and social well-being.  The inclusive green economy is one that improves human well-being and builds social equity while minimizing environmental risks and scarcities. An inclusive green economy is an alternative to today's dominant economic model, which exacerbates inequalities, encourages waste, triggers resource scarcities, and generates widespread threats to the environment and human health. It is an absolute opportunity to advance both sustainability and social equity as functions of a stable and prosperous financial system within the contours of a finite and fragile planet. It is milestone pathway  towards achieving the goal 2030 Agenda for Sustainable Development, eradicating poverty while safeguarding the ecological thresholds, that underpin human health, well-being, and development.
One of the principle of green economy also prioritize on the safeguarding, restoring and investing in the nature. It acknowledge the limited substitutability of the natural capital with other capitals. It also invests in protecting, growing and restoring biodiversity, soil, water, air and natural system from the degradation.
 Green economy
Hence the inclusive green growth offers an optimistic, realistic alternative to countries looking for new sources of growth that make economic, environmental and social sense efficient, socially acceptable and sound. Green growth is not a replacement for sustainable development. Together with innovation, going green can be a long-term driver for economic growth and environmental protection.
 
References:

P.s: All the images has been used from the google site
 
Importance of Green EconomyGreen Economy

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9 Comments

  • Yuseon Mentor says :
    Dear Sandhya,

    This is your mentor Yuseon :D
    Great observation in green economy in such a big scale! In order to tackle environmental issues thoroughly, I agree that the economy growth model should change as a whole. However, we should always keep in mind that this idea may come from developed countries, such as the United States or European countries.... could we apply the same agenda to underdeveloped countries as well?
    Posted 21-08-2021 14:39

  • Debbie Mentor says :
    Dear Sandhya,

    This is your mentor Debbie. :)
    I agree that the concept of Green Economy is vital in our world today - not only are various kinds of animals facing horrific disaster of extinction but also many places are struck with natural disasters and having difficulties recovering. When our consumption, production and all kinds of economic activities become 'green' we might have a better future to hold. Thanks for your report! :D

    Green Cheers,
    Debbie
    Posted 19-08-2021 13:02

  • JULIUS MUTIJIMA says :
    this piece of info will do a lot, thx.
    Posted 13-08-2021 19:51

  • Sharmila Pandey says :
    wow. Thanks you so much for sharing this information.
    Posted 13-08-2021 00:48

  • Vivian Nabisere says :
    Thank you for the information.
    Posted 12-08-2021 21:41

  • Dante Santiago Prada says :
    Hola tienes mucha razón, la economía verde es uno de los tanto caminos que la humanidad tiene que tomar para vencer al cambio climático!

    Posted 12-08-2021 03:49

  • Shobha Pokhrel says :
    Wow informative . Thanks for writting report on green economy for eco friendly nature .
    Posted 11-08-2021 23:44

  • HASSAN ABUBAKAR MUHAMMAD says :
    Thanks For This Interesting Update.
    Green Economy Is The Best Way To Fight Against Climate Changel
    Posted 10-08-2021 04:06

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