GREEN ECONOMY--OPPORTUNITIES AND CHALLENGES IN INDIA
Author(s):
VANI Y.D.
Keywords:
Green Economy, sustainable development, decarbonized economy, strategy, policy measures.
Abstract
Green economy has recently emerged as a key concept on the global sustainable development agenda. Green economy is a design and remedy on sustainable development, sustainable environment and environmental balance. Over the last decade, India’s rapid growth has created job opportunities and helped in improved standard of living. However, its remarkable growth record is restricted by a degrading environment and depleting natural resources, which has necessitated taking major steps to achieve a green and decarbonized economy. Green Economy is a development strategy which synergizes both economic development and ecological sustainability. However, it was only during the late 2000s global economic crisis that green economy was brought to international attention as an economic recovery strategy focused on creating “green jobs” and tackling climate change and creating real investments. Economic activities are increasingly carried out in modern conditions, a situation which is often linked to a negative impact on the environment. They have now reached such a level that they can be considered a real factor in climate formation and modelling. Such a trend has generated a lot of initiatives and strategies aimed at a green economy development. Thus, special public policy measures for the green economy and green growth have been developed and also implemented in the last few years. The analysis of the main challenges in the field of economic and environmental development, as well as the public policies for a green economy, is a real concern. More and more, the global trends for sustainable development are represented by green economy and green growth. Particular attention is focused here on establishing the kind of relationship that occurs between the green economy, green growth and sustainable development. The purpose of the present article is to present and analyze the issue of green economy, opportunities and challenges, which is a new operating strategy in India.
Article Details
Unique Paper ID: 166523

Publication Volume & Issue: Volume 4, Issue 4

Page(s): 370 - 374
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