The green economy defined as “one results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. In its simplest expression, a green economy which is low carbon, resource-efficient and socially inclusive” by UNEP 2011. However, it is more than merely “greening” of the economic sector; it means to accomplish the sustainable development obligation.
Sustainable development three pillars
- Increasing social equity: ensuring social, economic and financial inclusion, end persisting poverty
- Improving human well-being: education, healthcare, job security, etc.
- Reduce environmental risks: global warming, reduce chemical and hazardous pollutants of ocean and land. Secure and protect ecological scarcities; access to freshwater, natural resources, protect and improve soil fertility.