what are the main principles of green economy ?
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The green economy is geared to support sustainable consumption as well as sustainable production. An inclusive green economy is low-carbon, resource-conserving, diverse and circular. It embraces new models of economic development that address the challenge of creating prosperity within planetary boundaries
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Principles of green economy are :-
- An inclusive green economy is low-carbon, resource-conserving, diverse and circular. It embraces new models of economic development that address the challenge of creating prosperity within planetary boundaries.
- It recognises there must be a significant global shift to limit consumption of natural resources to physically sustainable levels if we are to remain within planetary boundaries.
- It recognizes a ‘social floor’ of basic goods and services consumption that is essential to meet people’s wellbeing and dignity, as well as unacceptable ‘peaks’ of consumption.
- It aligns prices, subsidies and incentives with true costs to society, through mechanisms where the ‘polluter pays’ and/or where benefits accrue to those who deliver inclusive green outcomes.
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