Green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. A feature distinguishing it from prior economic regimes is the direct valuation of natural capital and ecological services as having economic value . The six strategic pillars of green economy are climate change, resource saving and management, circular economy, environmental protection, ecosystem protection and recovery, water conservation and natural disaster prevention. Green economy can refer to sectors (e.g. energy), topics (e.g. pollution), principles (e.g. polluter pays) or policies (e.g. economic instruments). It can also describe an underpinning strategy, such as the mainstreaming of environmental policies or a supportive economic structure. The presentation will give further insight on the topic.

Saket Kumar

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