What are the principles of green economy?
The green economy is a people-and-nature-centric model whose main principles are:
- justice and good governance
- poverty eradication
- low-carbon development
It takes a long-term perspective on the economy, by focusing on the ways in which resources are used to deliver value to society, how efficiency and sufficiency of resources can be forsters to create wealth, resilience and wellbeing for today’s and future citizens within the ecological limits of the planet. From investments in wellbeing to sustainable practices, the characteristics of a green economy are inclusive and non-discriminatory.
What are the business opportunities of the green economy transition?
The challenge for companies transitioning to a green economy is to deliver economic growth while fostering a symbiotic and positive relationship between nature and humans.
Green economy business opportunities emphasize creating a healthy environment and promoting the well-being of all by promoting the use of low-carbon technologies and practices, and using technologies that rely on clean and renewable energy.
The transition to a green economy business is necessary for companies to achieve sustainable development targets. This healthy circle encourages resource and energy efficiency and promotes sustainable production, enabling the use of environmentally friendly technologies, processes, and products.