The document discusses a green economy which is defined as low carbon, resource efficient and socially inclusive. It drives growth through investment in reducing emissions, improving efficiency and protecting biodiversity. Shifting to a green economy requires major structural and technological changes across key sectors like energy, transportation and more. It also requires green policies, regulations, education and investments nationally and globally.
The document discusses a green economy which is defined as low carbon, resource efficient and socially inclusive. It drives growth through investment in reducing emissions, improving efficiency and protecting biodiversity. Shifting to a green economy requires major structural and technological changes across key sectors like energy, transportation and more. It also requires green policies, regulations, education and investments nationally and globally.
The document discusses a green economy which is defined as low carbon, resource efficient and socially inclusive. It drives growth through investment in reducing emissions, improving efficiency and protecting biodiversity. Shifting to a green economy requires major structural and technological changes across key sectors like energy, transportation and more. It also requires green policies, regulations, education and investments nationally and globally.
The document discusses a green economy which is defined as low carbon, resource efficient and socially inclusive. It drives growth through investment in reducing emissions, improving efficiency and protecting biodiversity. Shifting to a green economy requires major structural and technological changes across key sectors like energy, transportation and more. It also requires green policies, regulations, education and investments nationally and globally.
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Christine V.
Labordio
12 GAS Ingenious
Reaction Paper: Green Economy
A green economy is defined as low carbon, resource efficient and
socially inclusive. In a green economy, growth in employment and income are driven by public and private investment into such economic activities, infrastructure and assets that allow reduced carbon emissions and pollution, enhanced energy and resource efficiency, and prevention of the loss of biodiversity and ecosystem services.
Reflecting the diversity of the world we live in, and the uniqueness of each country’s national circumstances and development priorities, there is no single model or a pathway to the green economy. However, for all countries, shifting to a green economy – one that sets the economy at the centre of generating sustainable development – will require major economy-wide structural and technological changes, or at least the ‘greening’ of key sectors, such as energy, urban infrastructure, transportation, industry and agriculture. It will also include ‘greening’ investments nationally and globally, generating ‘green’ jobs through new ‘green’ sectors, and supporting and facilitating ‘green’ trade internationally through national and international policies.
A green policy, at the macro level, is defined by the author as “a policy that balances between natural resource consumption and environmental protection, while seeking to achieve social equity and raise the well-being of the society”. In simple terms, it is policy that has as its central objective a green economy, with the ultimate goal of achieving sustainable development.
The shift to green economy requires a mix of green policy instruments employed in any country, including those of the GCC, may include some or all of the following: market instruments, such as subsidy reform, green taxes and permit markets; legal instruments, including environmental legislation and incorporating sustainable development into trade agreements; government policies and measures, for example sustainable public procurement, sustainable land use and urban policy, integrated management of freshwater, monitoring and accountability measures; and awareness and education campaigns.
In conclusion, a green economy has the potential to the path of sustainable
development. It can also help to eradicate poverty. However, the speed of the transition into a green economy varies among country. Knowledge, information and resources are essential during the transition to greener economy. During the progress, there will be new challenges posing during the journey to Green economy.
