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GREEN SKILLS-III                                                5
















                             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.


                 5.1 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               Social
                                           Emission            Efficiency           Inclusivity


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