The Implications Of The Green Economy And Sustainable Development

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As quoted by United Nations Environment Programme, “A green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities (UNEP 2010). Grounded in the Rio+20 outcome, the United Nations system views green economy as a means for achieving sustainable development and eradicating poverty. The World Bank, also promoting the green economy, says, “Natural capital accounting would add to our national GDPs the wealth stored in our natural resources: minerals before they are mined, forests before they are felled, water while it is still in the rivers.” In more simple words, green economy can be seen as a means to achieve a resilient economy that provides a better quality of life for all within the ecological limits of the planet. It can be also seen as a means to link the economic, environmental and social considerations of sustainable development in such a manner that long-term …show more content…

We know that our planet is under unprecedented stress at the moment and that the patterns of production and consumption that we have been using are no longer sustainable. The green economy presents an alternative vision for growth and development, in which economic growth and improvements in people’s lives are generated in ways consistent with sustainable development. In fact it is seen to be at the heart of renewed efforts to contribute to, or progress the broader agenda of, sustainable development and to contribute to achieving internationally agreed development goals, including the Millennium Development Goals. It means growing our economies in ways that benefit, not sacrifice, social justice and equity as well as the environment. The idea is to serve the needs of the present without threatening the quality of life of future

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