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The UNEP-led Green Economy Initiative was launched in late 2008. UNEP defines Green Economy as “one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities”. In other words, a economy with ” low carbon, resource efficient and socially inclusive” (UNEP,2008).
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The transition to a Green Economy has a long way to go, but several countries are demonstrating leadership by adopting national “green growth” or “low carbon” economic strategies. And there are many examples of successful, large-scale programs that increase growth or productivity and do so in a sustainable manner. For example.
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An inclusive green economy is an alternative to today's dominant economic model, which exacerbates inequalities, encourages waste, triggers resource scarcities, and generates widespread threats to the environment and human health. Over the past decade, the concept of the green economy has emerged as a strategic priority for many governments.
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The paper discusses the reasons why a green economy is desirable and how trade policy can ease the transition, the relative positions of trading partners pursuing a green economy, and the role of the international community in ensuring that trade and investment policy contribute to a widespread pursuit of the green economy. Challenges of the green economy concept and policies in the context of.
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Green economy is often viewed as the alternative to the current approach towards consumption. Traditionally, green economy is defined as the attempt of developing the economic strategy that will allow for a reasonable allocation of natural resources and the practice of sustainability.
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A Green New Deal Economics Essay The term has been implied as the main concept for various cuts and retrenchments to public spending judged as necessary to recover debts, to finance bank bailouts and cause fiscal encouragement (MacLeavy 2011).
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