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Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [1] [2] [3] ...
The green gross domestic product (green GDP or GGDP) is an index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Green GDP monetizes the loss of biodiversity , and accounts for costs caused by climate change .
The term green growth has been used to describe national or international strategies, for example as part of economic recovery from the COVID-19 recession, often framed as a green recovery. Critics of green growth highlight how green growth approaches do not fully account for the underlying economic systems change needed in order to address the ...
There is no empirical evidence supporting the existence of an eco-economic decoupling near the scale needed to avoid environmental degradation, and it is unlikely to happen in the future. Environmental pressures can only be reduced by rethinking green growth policies, where a sufficiency approach complements greater efficiency. [31] [32]
Degrowth is an academic and social movement critical of the concept of growth in gross domestic product as a measure of human and economic development. [1] [2] [3] The idea of degrowth is based on ideas and research from economic anthropology, ecological economics, environmental sciences, and development studies.
Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. [ 1 ] [ 2 ] Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs ...
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In the United States, a group of academics and activists introduced "a green stimulus to rebuild our economy" in March 2020. [28] [29] The policies targeted eight fields: housing and civic infrastructure, transportation, labour and green manufacturing, energy generation, food and agriculture, environment and green infrastructure, innovation policy, and foreign policy.