Question

Section B
Mention any three basic components of a Green Economy. Explain them.​

Answer 1

Answer:

1. The Wellbeing Principle

A green economy enables all people to create and enjoy prosperity

●The green economy is people-centred. Its purpose is to create genuine, shared prosperity.

2. The Justice Principle

The green economy promotes equity within and between generations.

●The green economy is inclusive and non-discriminatory. It shares decision-making, benefits and costs fairly; avoids elite capture; and especially supports women’s empowerment.

3. The Planetary Boundaries Principle

The green economy safeguards, restores and invests in nature.

●An inclusive green economy recognizes and nurtures nature’s diverse values – functional values of providing goods and services that underpin the economy, nature’s cultural values that underpin societies, and nature’s ecological values that underpin all of life itself.