An economy is called green economy when it is based on the principles of
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It is based on solidarity and social justice, strengthening trust and social ties, and supporting human rights, the rights of workers, indigenous peoples and minorities, and the right to sustainable development. It promotes empowerment of MSMEs, social enterprises, and sustainable livelihoods.
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Principles of well being,justice,planetary boundaries,efficiency and sufficiency,and finally good governance.
Explanation:
There are five major principles which enable people to create and enjoy prosperity,have equity within and between generations,safeguards restores and invests in nature,supports sustainable consumption as well as sustainable production,and lastly is guided by integrated resilient and sustainable institutions.
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