The Pathways to Achieve Green Economy and the Process of
Sustainable Development Goals
Muhammad Ramzan Ali
a
, Muhammad Faheem Akram
b
, Takhir A. Urkinbayev
c
,
Saida Kh. Tashtayeva
d
and Gulom T. Aripdjanov
e
Tashkent State University of Oriental Studies, Tashkent, Uzbekistan
Keywords: Green Economy, Green Transformation, Green Initiatives, SDGs, and Sustainability.
Abstract: In the sphere of development conversations, the last several decades have seen an ever-expanding lexicon of
concepts ornamented with the adjective "green." Phrases such as "green economy," "green growth," and
"green deal" have evolved, ushering in a new age of focus on the complex interaction between the economy
and the biosphere, with a special emphasis on the function of the Earth's luxuriant plant life. This fundamental
transition, commonly referred to as the "greening" of development plans and policies, crosses borders,
spanning numerous territorial systems and economic sectors.
1 INTRODUCTION
In the sphere of development conversations, the last
several decades have seen an ever-expanding lexicon
of concepts ornamented with the adjective "green."
Phrases such as "green economy," "green growth,"
and "green deal" have evolved, ushering in a new age
of focus on the complex interaction between the
economy and the biosphere, with a special emphasis
on the function of the Earth's luxuriant plant life. This
fundamental transition, commonly referred to as the
"greening" of development plans and policies, crosses
borders, spanning numerous territorial systems and
economic sectors. It has emerged as a popular issue
of debate, particularly in international politics, as we
deal with how to translate the abstract concept of
sustainable and balanced growth into tangible reality.
In the course of these conversations, the idea of a
"New Green Deal" has resonated on a national,
European, and international level, signifying a shared
desire to balance our economic goals with
environmental conservation. The astonishing process
of photosynthesis that takes place under the emerald
canopy of leaves serves as the fundamental source of
a
https://orcid.org/0000-0002-6510-4877
b
https://orcid.org/0000-0002-5147-2847
c
https://orcid.org/0009-0006-8538-0664
d
https://orcid.org/0000-0002-6960-5513
e
https://orcid.org/0009-0003-9675-0630
inspiration for the numerous components of the green
economy. Here, water, sunshine, and chlorophyll
work together magically to create a variety of natural
compounds that people may use, process, and refine
to create a wide range of goods for use in daily life or
to fuel greater industrialization. Natural alchemy, the
process of transforming the components of the
environment and solar radiation into materials for use
in manufacturing and consumption, is a renewable
and repeatable process that has long supported human
civilizations. But, it finds itself at a turning point as a
result of the growing dangers presented by our
industrial creativity, especially since the start of the
Industrial Revolution. Natural enchantment, the
process of transforming the components of the
environment and solar radiation into materials for use
in manufacturing and consumption, is a renewable
and repeatable process that has long supported human
civilizations. But it finds itself at a turning point as a
result of the growing dangers presented by our
industrial creativity, especially since the start of the
Industrial Revolution. We are going to take a trip
down the verdant hallways of our history, present,
and future, where our yearning for harmony with
1538
Ali, M., Akram, M., Urkinbayev, T., Tashtayeva, S. and Aripdjanov, G.
The Pathways to Achieve Green Economy and the Process of Sustainable Development Goals.
DOI: 10.5220/0012979700003882
Paper published under CC license (CC BY-NC-ND 4.0)
In Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies (PAMIR-2 2023), pages 1538-1546
ISBN: 978-989-758-723-8
Proceedings Copyright © 2024 by SCITEPRESS Science and Technology Publications, Lda.
nature calls us, as we dig into this investigation of the
"greening" of development and its complicated
ramifications. The term "green" has become a
powerful symbol in economic discourse, drawing
attention to the critical need to protect the natural
environment in our economic undertakings. The
objective of this research is to analyse how the "green
economy" has evolved and how it interacts with other
concepts, intending to shed light on the significant
consequences of the creation of policies and the
practical handling of socioeconomic problems. Its
educational fabric takes us through three distinct tiers:
the first being the introduction of eco-centric
economic processes as a modern occurrence; the
second being the elaborate definitions of "green
economy" and "green growth"; and the third being the
directives for putting these paradigm shifts into
practice.
2 THE MAIN RESULTS AND
FINDINGS
The study also reveals a wealth of metrics and
measurements that shed light on the illusive field of
green growth and the green economy while
establishing crucial links with the overall principles
of sustainable development. At last, in a revelation of
profound wisdom, it presents the European Green
Deal, the most recent masterwork in the
environmental symphony. Utilizing a diverse range of
sources, this essay deconstructs the complex web of
"green economy," "green growth," and "green deal"
concerning "sustainable development goals." (Pearce,
Markandya, & Barbier, 1989). It coordinates a
methodical array of many activities, from the
institutional to the political and governmental. This
research project aims to close the gap between theory
and reality, providing a new angle on the quest for
sustainability.
Evolution of green economic process by green
initiatives:
Our relationship with nature has been vital to human
history. For agriculture and subsistence, we have
utilized natural elements (Jänicke, 2012). But as
urbanization and industrialization grew, so did our
use of nature, which resulted in environmental
deterioration. The rise of free markets and the
Industrial Revolution made this problem worse.
Sustainable development first appeared in the 1960s
as a result of growing environmental concerns
(Georgeson, Maslin, & Poessinouw, 2017). This idea
developed into the "green economy," which
prioritizes the environment, and eco-development.
"Green growth" and "green governance" are two
related concepts that have gained popularity. It is
crucial to preserve the environment and implement
"greening" initiatives that touch on politics, society,
and the economy due to the depletion of natural
resources and the challenges posed by climate change
(Chou, 2021).
"Greening the economy" means moving away
from conventional industrial growth and toward
sustainable development. The conceptual hierarchy,
reveals the interdependence of the green economy
and its alignment with other structures for sustainable
development (Ten Brink, 2011). These ideas came
together during the global financial crisis of 2008–
2011 (AtKisson & AtKisson, 2013; Kahle & Gurel-
Atay, 2013; Megwai, Njie, & Richards, 2016;
Ryszawska, 2013; Szyja, 2015) and are still very
important today. The green economy attracted
political interest throughout the crisis. To advance the
green economy, the United Nations Environmental
Programme (UNEP) suggested "green stimulus
packages" in 2008 (Kahle & Gurel-Atay, 2013). This
idea spread throughout many countries as a recovery
plan. It is crucial to preserve the environment and
implement "greening" initiatives that touch on
politics, society, and the economy (Chou, 2021).
UNEP launched the Green Economy Initiative in
2008, concluding in the 2009 'Global Green New
Deal' report. By 2020, the notion of the green
economy had matured into a guiding force, tackling
economic recovery, poverty reduction, and climate
change. This revolutionary journey gathered traction,
establishing the green economy as a driver for long-
term growth by 2019. It emerged as a resilient beacon
in 2020, integrated into governments' recovery
programs. The year 2021 was a watershed moment,
but it was in 2011-2012 that the green economy
concept took off, including several worldwide
institutions and national teams. Since 2013,
implementation in practice and progress
measurement has gained traction across the fields of
politics, economics, and society (Bąk & Cheba, 2020;
Megwai et al., 2016; OECD, 2011; Rajasekar, 2013;
Union, 2011). In the context of this exciting time, the
UN endorsed the green economy concept with great
force, citing it as a viable way to address issues like
food security, economic recovery, deterioration of the
environment, and threats like climate change, water
and energy scarcity, and environmental degradation.
The publication of UNEP's seminal 2011 Green
Economy Report permanently defined the green
economy and sparked the development of similar
definitions supported by several international
The Pathways to Achieve Green Economy and the Process of Sustainable Development Goals
1539
organizations and research groups. Assessments in
the areas of politics, society, and the economy have
acquired traction (Bąk & Cheba, 2020; Chou, 2021;
Megwai et al., 2016; OECD, 2011; Rajasekar, 2013;
Union, 2011). This development demonstrated the
green economy concept's lasting significance and
revolutionary potential. Numerous worldwide
organizations and national groups, such as the
European Union, the OECD, the World Bank, the UN
Environment Programme (UNEP), UN World
Conferences, and specialist institutions devoted to
green economic concepts, all contributed to this
enthusiasm. Additionally, national organizations
actively investigated and researched the idea of the
"green economy," which led to the creation of
methods for evaluating results and tracking
advancements. Table 1 provides a summary of the
main concepts and ideas that have evolved
chronologically in the green economy.
Table 1: Global events of economic advancements.
Years Milestones
1972 A “Landmark Declaration” highlights the unique importance of our planet at the UN Conference on the
Human Environment.
1987 The World Commission on Environment and Development (WECD) presents a document aristocratic
"Our Common Future," prefiguring a modern era of environmental consciousness
1989 The understanding "Blueprint for a Green Economy," Report 1, charts a path in the direction of
sustainable economic practices.
1991 Constructing upon this foundation, "Blueprint for a Green Economy," Report 2, refines the tactics for
establishing an ecologically sensitive economy.
1992 The Rio Earth Summit, also known as the “UN Conference on Environment and Development”
(UNCED), adopts "Agenda 21," a comprehensive roadmap for global sustainability.
1994 "Blueprint for a Green Economy," Report 3, contributes to the emerging roadmap of environmentally
responsible economic activities.
1997 To review and evaluate the implementation of "Agenda 21" at Rio + 5, the UN General Assembly meets,
reinforcing the international community's commitment to sustainability.
2000 Initiating a new phase of global collaboration towards a sustainable future, the UN Millennium Summit
brings with augur the Millennium Development Goals (MDGs).
2002 The World Summit on Sustainable Development (WSSD) commemorates Rio + 10, ten years after the
Rio Earth Summit, by looking back at the achievements and establishing new objectives.
2008 UNEP heralded a new age of environmentally sensitive economics with the establishment of the Green
Economy Initiative (GEI) and the ground-breaking Global Green New Deal (GGND).
2009 An important turning point in the worldwide battle against climate change was the UN Climate Change
Conference in Copenhagen.
2010 In Nusa Due, the UNEP Global Ministerial Environmental Forum unveils "A Strategy for Smart and
Sustainable and Inclusive Growth," bringing environmental responsibility and economic advancement
together.
2011 Significant publications started to surface, such as the UNEP Green Economy Report, the OECD's
"Towards Green Growth," and the UNEP and ILO's "Green Jobs," all of which advance the conversation
on inclusive, sustainable growth.
2012 Nations come together in Rio + 20, the UN Conference on Sustainable Development (UNCSD), to map
out a path for a more sustainable future. Numerous books offer important insights, such as UN DESA's
"A Guidebook to Green Economy" and UNEP's "Measuring Progress Towards a Green Economy."
2013 In the pursuit of sustainable development, the High-Level Political Forum on Sustainable Development
(HLPF) represents a significant turning point. In the direction of a uniform approach to green
development indicators, the Green Development Knowledge Platform (GGKP) is making progress.
2014 To assist countries in pursuing environmentally conscious policies, UNEP emphasizes the use of
indicators for green economy policymaking.
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2015 An ambitious set of goals for global sustainability, "Transforming Our World: the 2030 Agenda for
Sustainable Development" presents the Sustainable Development Goals (SDGs).
2016 By measuring inclusive green growth at the national level, the Green Growth Knowledge Platform aims
to further our comprehension of sustainable development.
2017 While PAGE (Partnership for Action on Green Economy) concentrates on the implementation of green
economy progress assessment, the OECD introduces Green Growth Indicators.
2019 The European Commission presents its ambitious New European Green Deal Strategy, laying the
groundwork for a Europe that is more ecologically conscious and sustainable.
The European Union's contribution to the
development of sustainable development gained
momentum in the run-up to the 2012 Rio + 20 summit
when it defined the green economy as "an economy
that is low-carbon, resource-efficient, and promotes
economic growth, job creation, and the elimination of
poverty while investing in and protecting the natural
capital necessary for the sustained existence of our
planet." It embodies social inclusion, resource
efficiency, and low-carbon behaviors (Martin et al.,
2012; Pięta, 2019). The Europe 2020 Strategy, which
emphasized the significance of greening the economy
and putting sustainable development at its center,
encompassing the economy, surroundings, and social
aspects, further solidified the European Commission's
commitment to the green economy.
Describing Green Economy, Green Growth, and
Low-Carbon Development:
The reduction of environmental dangers, the
management of biodiversity, and the pursuit of
societal integration and economic efficiency are all
essential components of the green economy.
Realizing this idea, which inevitably fosters
economic efficiency and growth, depends critically
on investments to minimize harmful emissions and
the propagation of pro-ecological habits. The idea of
"green growth," which rose to popularity during the
2008–2011 global financial crisis, is associated with
the green economy. Incorporating green aspects into
the economy and combining short-term interventions
with a long-term sustainable prosperity commitment
constitute green growth, which provides an
alternative strategy for economic recovery (Van Der
Ploeg & Withagen, 2013). As we continue our
discussion, Table 2 provides detailed definitions of
the terms "green growth," "green economy," and
"low-carbon economy."
Table 2: The evolution of sustainable development.
Type Organization Meaning
Green Economy
UNEP (2011)
The definition of the green economy is one that significantly lowers
environmental dangers and ecological scarcities while enhancing social
fairness and human well-being.
UNCTAD (2011)
Believes that the green economy will play a key role in achieving
sustainable development, which is defined as increased human well-
being, decreased inequality, and the avoidance of major environmental
dangers and shortages for coming generations.
International Chamber
of Commerce's Green
Economy Task Force
Highlights the relationship that exists between environmental
sustainability and economic growth, which promotes advancement and
social development.
EEA (2013)
Defines the green economy as a harmonious system of economic,
social, and environmental advances and regulations that enable society
to make effective use of its resources. This strategy protects the natural
systems that support human life while improving human well-being on
an inclusive basis.
Green Growth
OECD (2011)
Defines "green growth" as the deliberate pursuit of economic
expansion and development while making sure that natural resources
continue to be reliable sources of necessary resources and
environmental services that support ongoing growth and the creation of
new economic opportunities.
The Pathways to Achieve Green Economy and the Process of Sustainable Development Goals
1541
World Bank (2012) Presents green growth as a plan to combat climate catastrophe and
continue economic growth and job creation, both of which are essential
for reducing poverty in the face of growing resource restrictions.
UN ESCAP (2012) Green growth is clean, efficient growth that takes into consideration
natural dangers, the role that environmental management and natural
capital play in preventing physical disasters, and the reduction of
p
ollution and environmental dama
g
e.
Low carbon
development
FGG (2011) Focuses on climate-resilient development and low-carbon
development as a strategy that emphasizes reducing the use of fossil
fuels as the en
g
ine for develo
p
ment.
Table 3: Exploring Varied Perspectives: Traits of Green Economy and Green Growth across Organizational Reports.
Organization/
Authors
Title Key Definition Measurement Strengths Limitations
European
Commission
Europe 2020: a
strategy for smart,
sustainable and
inclusive growth"
(2010)
Identifies the green
economy as a vital
element of equitable,
sustainable, and wise
growth.
uses indicators at the
national and EU
levels for measuring
focuses on
sustainability and
inclusion
Might not cover all aspects of
the green economy.
OECD “Towards green
growth" (2011)
Places flexible and
resource-efficient
economic policy at the
centre of green growth.
Creates 30 green
growth indicators for
the OECD draws
attention to dynamic
and resource-efficient
economies.
conveys a great sense of
confidence over the prospects
for green growth
UNEP “Towards a green
economy" (2011)
Claims that shifting to a
green economy may be
lucrative by striking a
balance between
environmental
preservation and
economic
g
rowth.
Suggests indicators
for knowledgeable
decision-making and
policy proposal
It calls into question the
traditional use of GDP for
appraisal. There are no unique
ideas, and the emphasis is on
mainstream sustainability.
HM Government Enabling the
transition to a green
economy" (2011)
Defines the benefits of
the green economy to
the UK economy, with
an emphasis on foreign
market
p
ros
p
ects.
Demands government
information on
climate change and
resource threats.
Consistent with compelling
economic reasons for climate
action. Does not handle social
issues or regulations properly.
World Bank “Inclusive green
growth" (2012)
Supports inclusive
green growth as the
road to long-term
development, pushing
for green policies to
have an impact on
GDP.
“Incorporates
environmental factors
into GDP
measurement”
Recognizes the significance
of combining environmental
and economic considerations.
Limits viewpoints by not
exploring alternate solutions.
GGKP (Global
Green Growth
Knowledge
Partnership)
Moving towards a
common approach on
green growth
indicators" (2013)
Aims to establish a
common approach for
green growth indicators,
highlighting their
commonality.
Focuses on
communication needs
rather than monitoring
Adopts OECD headline
metrics and thinks about
wealth accounting. It is
possible to neglect various
definitions of green growth
and focus just on natural
assets as inputs to production.
Scholars from many academic institutions have
made substantial contributions to our knowledge of
green growth and the green economy, going beyond
the definitions offered by international organizations.
Cato et al. stressed the significance of evaluating
economic growth in terms of total well-being and
quality of the environment in addition to GDP
expansion (Cato, 2009; Jackson & Victor, 2011).
They emphasized how difficult it is to create
development policies that take into account all of the
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interrelated factors in this situation. The global green
economy demands significant structural changes,
including adjustments to resource usage,
manufacturing techniques, consumer behaviour, and
environmental protection policies, in addition to GDP
growth via green stimulus (Schmalensee, 2012).
The notions of green growth and the green economy
acquired significant importance in the context of the
swift changes observed in many developing countries
as well as in Central and Eastern Europe at the
beginning of the 20th and 21st centuries (Pelling,
O’Brien, & Matyas, 2015). In addition to overhauling
the social and economic structures, this
transformation entails modifying them to satisfy the
objectives of sustainable development and
environmental sustainability. Green transformation is
the process of reorganizing current systems in
creative ways that are based on sustainable
development principles. These systems include
economic structures, governance structures, and
stakeholder roles. From a practical standpoint, the
green economy consists of several components, such
as eco-friendly investments, sustainable sectors, eco-
friendly goods, eco-friendly taxation, eco-friendly
employment, and eco-conscious consumers (Szyja,
2015). All of these elements work together to lessen
environmental impact, preserve resources, and
promote social and economic development. Many
different players, including companies, individuals,
governments, and international organizations, are
accountable for putting a green economy into action.
As seen in Table 3, these ideas might not provide
universally applicable answers and might even have
some built-in flaws, but they nevertheless offer a vital
route toward a future marked by unique and
revolutionary ideas that are more ecologically
conscious and sustainableClaims that shifting to a
green economy may be lucrative by striking a balance
between environmental preservation and economic
growth. Suggests indicators for knowledgeable
decision-making and policy proposal It calls into
question the traditional use of GDP for appraisal.
There are no unique ideas, and the emphasis is on
mainstream sustainability.
HM Government Enabling the transition to a
green economy" (2011) Defines the benefits of the
green economy to the UK economy, with an emphasis
on foreign market prospects. Demands government
information on climate change and resource threats.
Consistent with compelling economic reasons
for climate action. Does not handle social issues or
regulations properly.
World Bank “Inclusive green growth" (2012)
Supports inclusive green growth as the road to
long-term development, pushing for green policies to
have an impact on GDP. “Incorporates
environmental factors into GDP measurement”
Recognizes the significance of combining
environmental and economic considerations. Limits
viewpoints by not exploring alternate solutions.
GGKP (Global Green Growth Knowledge
Partnership) Moving towards a common approach
on green growth indicators" (2013) Aims to
establish a common approach for green growth
indicators, highlighting their commonality. Focuses
on communication needs rather than monitoring
Adopts OECD headline metrics and thinks about
wealth accounting. It is possible to neglect various
definitions of green growth and focus just on natural
assets as inputs to production.
Sustainable development heavily relies on the
interwoven ideas of green growth and the green
economy, which have developed over several
decades. Despite their frequent interchangeability,
they differ in terms of focus. Green growth, which has
numeric foundations in ambitions for development
and population expansion, focuses on alleviating
poverty and satisfying the growing demand for goods
and services. Green growth is defined as seeking
economic progress while actively avoiding resource
depletion and environmental damage. Organizations
such as the World Bank, OECD, GGGI, and UN-
ESCAP have championed green growth. According
to this perspective, environmental investments serve
as accelerators for economic development, protecting
and using natural resources like raw materials,
electricity, and water to enhance human well-being.
It imagines a world were environmental
stewardship and economic progress live peacefully,
advancing wealth while preserving essential natural
systems. Robust information resources, measurement
measures, and evaluation procedures are necessary
for effective green growth strategies that facilitate
national transitions to sustainability and promote
international collaboration (Bąk & Cheba, 2020;
Rajasekar, 2013). Resource efficiency, pollution
reduction, safeguarding the environment, and disaster
avoidance are highlighted by the World Bank as
essential elements, while GGGI views green growth
as a paradigm that goes beyond traditional economic
growth and harmonizes economic advancement with
social inclusion, poverty alleviation, climate
resilience, and sustainable ecosystem management.
This includes biodiversity preservation, climate
change mitigation, and universal resource access
(Bábosik, 2020). Sustainable development's
cornerstone, green growth, is closely related to the
idea of the green economy as a whole, which has
The Pathways to Achieve Green Economy and the Process of Sustainable Development Goals
1543
developed over many years, especially since the early
1970s. The terms "green economy" and "green
growth" are becoming more and more synonymous
over time. The reason for this nomenclature mixing is
the pursuit of an integrated strategy that unifies the
many aspects of sustainable development, which is
closely related to both ideas. Variations in focus
emerge based on the particular elements prioritized in
each domain.
Accelerating Sustainability: Green Economy
Principles
Clarifying the notion was the main goal of the
definition of the "green economy," but it also made
the creation of practical implementation guidelines
and operational plans necessary. Particularly in the
run-up to the Rio+20 Conference, a multitude of
groups engaged in the definition of the green
economy put out a variety of recommendations. The
second edition of the Green Economy Handbook,
published in 2012, included a comprehensive
summary of these suggestions by the United Nations
Department of Economic and Social Affairs
(UNDESA) (Kanianska, 2017). Table 4 provides a
summary of the most widely accepted green
economic tenets and relates them to the core elements
of sustainable development.
Table 4: Green Economy Principles.
Types Green Economy Principles
Economic
Principles
Green economy concepts acknowledge the intrinsic worth of natural capital in the economic
arena. They argue for the incorporation of these concepts into models of economic
development and growth, highlighting the need to internalize externalities. They also support
resource and energy efficiency, as well as the development of respectable jobs, while
highlighting the value of job data.
Environmental
Principles
These environmental principles are concerned with the preservation of biodiversity and
ecosystems. They advocate for investments in and long-term stewardship of natural capital.
They attempt to achieve worldwide environmental sustainability goals while acknowledging
planetary boundaries and ecological restrictions.
Social Principles The social components of the green economy's tenets seek to yield observable advantages,
such as the alleviation of poverty and the enhancement of livelihoods, protection from harm,
and access to necessities. Social inclusion, democratic government, accountability, openness,
and stability are among their top priorities. These ideas also emphasize the significance of
fairness and equity inside and between nations as well as between generations.
The establishment of operational strategies and
cooperative efforts have been necessary for the
definition and execution of the green economy.
Several groups made recommendations on the tenets
of the green economy before the Rio+20 Conference.
Compiling these suggestions with sustainable
development features, the United Nations
Department of Economic and Social Affairs
(UNDESA) organized them in its 2012 Green
Economy Handbook (Kanianska, 2017). These
values, which cover justice, inclusion, sustainability,
and other topics, offer a framework that is adaptable
to the needs of green economy initiatives (Bábosik,
2020). A joint UNDESA, UNEP, and research
UNDESA and UNCTAD (2011) provided a thorough
analysis of the shift to a green economy, highlighting
its benefits, drawbacks, and possible hazards
concerning the objectives of sustainable
development. Difficulties include the idea that the
green economy should completely replace
sustainable development, the way ecologists and
economists understand the term "green economy,"
and the possibility of green protectionist legislation.
Natural capital assessment, green skills, income
distribution, environmentally friendly consumption
and production, regulatory frameworks, and
education are important components of the green
transition (Growth & Countries, 2011). With practical
measures offered at several levels, this transition
seeks to replace the current economic model with a
green economy that fosters social inclusion, growth,
and sustainability (Szyja, 2015). Table 5 illustrates
how these paradigms are changing and highlights the
ongoing search for appropriate indicators and metrics
for green growth and governance despite objections
and conflicting definitions.
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Table 5: Transforming Stages Green Economy.
Stages Entity Key Actions and Initiatives
Low-carbon
economy
Countries Meeting emission reduction objectives. Setting emission limits for machinery
and gadgets. Introduction of the Emission Trading System.
Enterprises Putting low-carbon technology in place.
Investing in low-carbon machinery and vehicles.
Society Purchasing low-carbon automobiles
Increasing the proportion of people who utilize public transportation and bicycles
Greening the
economy
Countries Thermal renovation of public buildings.
Creation of renewable energy sources.
Providing financial support for environmental investments.
Subsidies for green automobiles.
Employing green public procurement processes.
Enterprises Modernizing manufacturing plants.
Putting in place environmental management systems.
Extending the variety of environmentally friendly items.
Making green jobs available.
Society Thermal retrofitting of residential structures.
Purchasing environmentally friendly goods and services.
Green
economy
Countries Putting green tax policies into action.
Increasing the proportion of renewable energy in total energy consumption.
Creating environmentally friendly transportation.
Using industrial strategy to focus on green sectors.
Imposing constraints and controls on trash creation.
Enterprises Getting to zero-emission production.
The majority of ecological products and services.
Makin
g
g
reen
j
obs available
Society Implementing green building methods, such as greenhouses
Creating micro-electric power plants
Installing solar panels.
The research investigates the "greening" of
development rhetoric, concentrating on terms such as
the green economy, green growth, and the European
Green Deal in the context of sustainable development
goals. It focuses on how the global financial crisis
from 2008 to 2011 influenced the establishment of a
green economy and green growth principles, stressing
resource efficiency, environmental preservation, and
social inclusion. Further, recognizing the value of
natural capital, encouraging resource efficiency,
maintaining biodiversity, and decreasing poverty are
all key aspects of the green economy. These ideas
serve as a foundation for green economy projects and
policies. The research emphasizes how crucial it is to
have strong information sources, measuring
measures, and assessment techniques to successfully
execute the concepts of green growth and the green
economy, which should support sustainable
development rather than displace it. All things
considered, the research provides a thorough
understanding of how these ideas have developed and
interacted with one another, highlighting their
importance in building a sustainable and ecologically
conscious future.
3 CONCLUSION
The paper explores the revolutionary journey of ideas
like the green economy, green growth, and the
European Green Deal in the context of the changing
development discourse, highlighting their critical
significance in accomplishing sustainable
development goals. This tour follows the transition
throughout time from humanity's fundamental
relationship with nature to the current need to strike a
balance between economic aspirations and
environmental care. This necessity gives rise to the
green economy, which encourages resource
efficiency, environmental protection, and poverty
reduction. The study emphasizes the significant
effects of the global financial crisis that occurred
between 2008 and 2011, which sparked green
economic methods and brought attention to the
The Pathways to Achieve Green Economy and the Process of Sustainable Development Goals
1545
pressing need for eco-centric solutions. A recent
landmark, the European Green Deal emphasizes the
interdependence of economic, social, and
environmental goals by coordinating local efforts
with global goals. Key findings underscore the
importance of flexible principles guiding the green
economy, robust measurement metrics, and a holistic
approach that complements, rather than replaces, the
broader concept of sustainable development. In
conclusion, the study offers a comprehensive
perspective on the evolution and interplay of these
concepts, emphasizing their significance in shaping a
sustainable and environmentally responsible future,
while highlighting the challenges that necessitate
innovative solutions and collaborative efforts.
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