green economy

Syllable breakdown

Dictionary meaning

an economic system in which growth, employment, and wellbeing are driven by investment in reducing carbon emissions, increasing resource efficiency, and preventing environmental degradation, rather than by the extraction and consumption of fossil fuels and natural resources without regard for ecological limits; the green economy encompasses renewable energy, sustainable agriculture, green building, clean transport, circular economy manufacturing, and the protection and restoration of natural capital; the United Nations Environment Programme has promoted the green economy as a pathway for achieving sustainable development and poverty eradication simultaneously; critics argue that the concept remains too focused on growth and market mechanisms and insufficiently attentive to the structural inequalities that drive environmental destruction