As defined by the United Nations Environment Programme (UNEP), a green economy is a “macroeconomic approach focused on investing in green economic activities, infrastructures, and skills that allow reduced carbon emission and pollution, enhanced energy and resource efficiency, and prevention of the loss of biodiversity and ecosystem services.” Simply put, a green economy is one that improves well-being and development while reducing climate impacts; and renewable energy, green financing, and waste management are some of the key factors in this approach.
Throughout the years, the transition to a green economy has become increasingly progressive and successful across the globe, with the business community playing significant roles to advance sustainable development.
According to the nonprofit environmental organization Earth.Org, there is significant progress in the race toward green economies over the years. As sustainability action stepped up, initiatives, policies, and strategies that effectively mitigates climate and environmental risks were identified.
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