Green growth

Wind turbine with workers - Boryspil, Ukraine

Green growth is the idea that an economy can continue to grow while also protecting the environment. It is a concept used in economics and government policy.[1][2][3]

The term was first used in 2005 by Rae Kwon Chung, a South Korean official who worked for the United Nations.[4] Green growth is based on the idea that economic growth should be separated from activities that cause environmental damage. This is called "decoupling".

Green growth is closely related to the ideas of a green economy and sustainable development. A major part of green growth is changing to cleaner and sustainable energy sources, such as wind and solar.

Supporters of green growth believe that environmental policies can help create jobs in areas such as renewable energy, sustainable farming, and sustainable forestry.[5]

Many countries and international organizations, including the World Bank, and the United Nations, have developed green growth strategies.[4] The Global Green Growth Institute (GGGI) was created to support green growth around the world. The term has also been used for economic recovery plans that aim to protect the environment, such as some plans developed after the COVID-19 pandemic.

See also

References

  1. ↑ Green Growth That Works: Natural Capital Policy and Finance Mechanisms Around the World. Island Press. 2019. ISBN 978-1-64283-003-3.
  2. ↑ Jacobs, Michael (2013). "Green Growth". The Handbook of Global Climate and Environment Policy. pp. 197–214. doi:10.1002/9781118326213.ch12. ISBN 978-0-470-67324-9.
  3. ↑ Livermore, Michael A. (2013). "The Meaning of Green Growth". Michigan Journal of Environmental and Administrative Law. doi:10.36640/mjeal.3.1.meaning.
  4. 1 2 Allan, Bentley B.; Meckling, Jonas O. (June 2023). "Creative Learning and Policy Ideas: The Global Rise of Green Growth". Perspectives on Politics. 21 (2): 443–461. doi:10.1017/S1537592721000037. ISSN 1537-5927. S2CID 234862347.
  5. ↑ Ge, Yeyanran; Zhi, Qiang (2016). "Literature Review: The Green Economy, Clean Energy Policy and Employment". Energy Procedia. 88: 257–264. Bibcode:2016EnPro..88..257G. doi:10.1016/j.egypro.2016.06.159.