Question

(1)
An economy is called Green economy when it is based on the principles
-

Answer 1

The green economy is defined as economy that aims at making issues of reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus.

Answer 2

The green economy is described as an economy striving at addressing environmental risks and environmental shortages without degrading the environment. The green economy is aimed at sustainable development. It is closely connected with environmentally friendly economies, but politically oriented

Explanation:

The vision of a green economy promises sustainability for everyone on the planet's ecological frontiers. It follows 5 key principles which together, can direct economic reforms in various contexts. These are focused on significant precedents

• Well-Being: A green economy must construct real, sustainable, common welfare, beyond monetary wealth, in order to give priority to prosperity, health, education, and  happiness,  and the environment.

• Justice: Equity,  solidarity, equal rights, respect and social justice  for human rights – especially the rights of oppressed minorities – are emphasized in a green economy. It seeks a transition and caters to the citizens' interests , together with  those yet to be born

• Planetary Boundaries: A green economy acknowledges that the healthy natural environment is important for all humans to prosper. It protects the role and limits of nature and protects biodiversity, air,  water, soil, and other capitals in ecosystems.

• Efficiency and Sufficiency: There's a low carbon, competitive and circular green economy. This acknowledges the need to build stability inside planetary boundaries and to balance economic stimulus with real costs for society is our single largest economic challenge.

• Good Governance: A green economy creates institutions which integrate democratic dynamism, relevant measurements, local knowledge and sound science. Public engagement, social dialogue, informed consensus, accountability, and transparency are the focus of civil life.

To Know more

Any economy is called green economy when it is based on the ...

https://brainly.in/question/14757336

(1) An economy is called Green economy when it is based on the ...

https://brainly.in/question/14742109