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UNIT-5
GREEN SKILLS-III
Learning Outcomes
• What is Green Economy? • Sectors of a Green Economy
• Green Economy Policies • Stakeholders in Green Economy
• Government and Private Agencies • Examples of Green Projects in India
In this unit, we will explore new strategies aimed at protecting the environment and promoting sustainable economic
development, which fall under the umbrella of the green economy. The term Green Economy was initially coined in 1989.
You will delve into understanding the Green Economy, including its sectors and policies. Additionally, we will examine
the stakeholders involved, such as government and private agencies. By the end of this chapter, we will gain insights into
Green Projects specifically within the context of India.
What is Green Economy?
The term Green Economy refers to a low-carbon, resource-efficient, and socially inclusive economy. In Green Economy,
public and private investment in economic activities, infrastructure, and assets that allow for lower carbon emissions and
pollution, improved energy and resource efficiency, and the preservation of biodiversity and ecosystem services drive
employment and income growth.
A green economy does not replace sustainable development; rather, it places a fresh emphasis on the economy,
investment, capital and infrastructure, jobs and skills, and beneficial social and environmental consequences throughout
Asia and the Pacific. Targeted public spending, policy reforms, and changes in taxation and regulation are all needed to
enable and promote these green initiatives. The Green Economy is a macroeconomic approach to long-term economic
growth that emphasises investments, job creation, and skill development.
GREEN ECONOMY MEANS
+ +
Low Carbon Resource Efficiency Social Inclusivity
Emission
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