Question

What is green economy? Write two points to explain the importance of green economy

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.

Importance:

Green Economy is a clean, environmentally friendly economy that promotes health, wealth, and well-being. A Green Economy is dependent on sustainable development – which means growing our economies in ways that benefit, not sacrifice, social justice and equity as well as the environment

Answer 2

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• A green economy is an economy that aims at 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.

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• The role of Green Economy, Sustainable Consumption and Production and Resource Efficiency for Sustainable Development: Sustainable Consumption and Production aims to improve production processes and consumption practices to reduce resource consumption, waste generation.