Page 94 - Design Thinking C11

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.

w hat 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.

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