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Green Economics

Updated on March 12, 2023

Green economics refers to an economic model which emphasises on human well-being
and equity with nature while reducing environmental risks. Maintaining ecological balance, reducing pollution, giving back to earth, harnessing resources scarcely with minimum damage to nature are some of the principles of Green economics.

Green economics explained

Green economics promotes the strategy of sustainable development through the use of public support and private investment for creating better infrastructure for social and environmental sustainability.
It encourages low carbon yielding industries and businesses which help in maintaining ecological balance. It works on the principle of good governance, poverty eradication, energy-efficiency, low-carbon emission and sustainable development.
It takes a long-term view about the economy, by focusing on earth and environment friendly ways for delivering value to the society.