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Green economy

The term Green economy defined as “one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. In its simplest expression, a green economy as one, which is low carbon, resource-efficient and socially inclusive” by UNEP 2011.

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Gross National Happiness (GNH)

The concept of Gross National Happiness (GNH) was already mentioned in the section on economic value, as an attempt to define an indicator that measures the quality of life in a holistic way than its commercial counterpart GDP. Bhutan’s former King Jigme Singye coined the term.