Green economy

Indian Economy glossary

Topic: Environment and Sustainable Development · NCERT: Beyond NCERT

Meaning

A green economy is one that is low-carbon, resource-efficient and socially inclusive. The idea comes from UNEP (2011). Low-carbon means it releases few greenhouse gases. Resource-efficient means it gets more output from less material and energy. Inclusive means the benefits reach the poor too. Growth is driven by investment that cuts pollution and protects ecosystems.

Example

India is moving in this direction through solar power (PM-KUSUM), clean cooking fuel (PM Ujjwala Yojana) and biogas (GOBARdhan). These cut pollution and create rural jobs and incomes at the same time.

Don't confuse with

  • Green growth: green growth (OECD, World Bank) focuses on keeping GDP growing while cutting emissions and damage. A green economy adds social inclusion as a core condition.

Related concepts

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