Environmental Sustainability through Green Economy in Context to Indian Scenario: A Review

Ganga Devi*, Nayana Raju and Subhajeet Kar
Department of Agricultural Economics, B. A. College of Agriculture, Anand Agricultural University, Anand-388 110, Gujarat, India
*Corresponding Author: Ganga Devi, Department of Agricultural Economics, B. A. College of Agriculture, Anand Agricultural University, Anand-388 110, Gujarat, India.

Published: February 11, 2025

View Pdf

Abstract  

Green Economy is a new concept that emerged from the Rio+20 conference in 2012 to commemorate the 20th anniversary of the first Rio Earth Summit in 1992. The United Nations Environment Programme (UNEP) describes a green economy as one that "improves human well-being and social fairness while considerably lowering environmental dangers and ecological scarcities. There are several ways that a green economy might aid a developing country like India in terms of development. India's transition to the Green Economy depends on five high-impact sectors: power, manufacturing, transportation and tourism, agriculture, and construction. These are increasingly evident in the shift to a greener economy. Green economic policies have also some certain limitations, which are need to be addressed. The transition to a green economy will necessitate a paradigm shift in our understanding of industry, consumer behaviour, growth and development. Transition to a green economy requires market instruments (viz., subsidy reform, green taxes, and permit markets), legal instruments (e.g., environmental legislation and incorporating sustainable development into trade agreements), and government policies and measures (viz., sustainable public procurement, sustainable land use, and urban policing).

Keywords: Green Economy; sustainable; development; transition

.