Green growth
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According to the United Nations Economic Commission for Asia and Pacific (ESCAP), green growth is one that (1) Emphasizes environmentally sustainable economic progress to foster low-carbon, socially inclusive development. (2) Green growth refers to sustainable growth which helps reduce greenhouse gas emission and environmental pollution. It is also a new national development paradigm that creates new growth engines and jobs with green technology and clean energy. The Green Growth approach is a new policy focus which is aimed at helping Asia-Pacific countries to achieve real progress towards sustainable development and poverty reduction. The Green Growth approach seeks to harmonize the two imperatives of economic growth and environmental sustainability by promoting “fundamental changes in the way societies produce and consume”, as called for in the Johannesburg Plan of Implementation. The Green Growth approach requires the introduction of concept and system changes. (3) The Green Growth approach seeks to create an economic framework which opens up increased opportunities for maximizing the benefits of globalization, such as sharing and transferring knowledge and technologies for eco-efficient production processes, for renewable resource use and for integrated natural resources management as well as for creating new job opportunities. It also advocates eco-efficient and resource-saving economic and production activities based on the full life cycle analysis of production and consumption processes, in which more efficient and less materials-intensive production is cost-effective, reduces emissions and creates new job opportunities. By this means the Green Growth approach attempts to enhance the competitive edge and advantages of the countries in the region on the world trade market, which currently dominates their export-driven economic development.
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Additional Information
| Field | Value |
|---|---|
| Data last updated | November 9, 2022 |
| Metadata last updated | January 26, 2023 |
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| License | No License Provided |
| Created | 4 years ago |
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| Id | f2c78d14-472d-46e1-a0c3-4cc4f9273241 |
| Package id | 69e9b967-9f2f-4fba-9369-cb7aa1d1f334 |
| Position | 95 |
| Resource type | web |
| State | active |
| Version | 1 |