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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 term was coined in 2005 by the South Korean Rae Kwon Chung ( de ), a director at UNESCAP . [ 4 ]
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 .
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.
Job growth remained weak at first, hampered by mass layoffs in defense-related industries following the end of the Cold War. [6] Construction hiring was also weak, and real estate values subdued, following a period of overbuilding in the 1980s. [7] Economic growth solidified by 1993, and home prices rebounded starting in 1995.
Economic growth is one of the causes of increasing greenhouse gas emissions. [174] [175] As the economy expands, demand for energy and energy-intensive goods increases, pushing up CO 2 emissions. On the other hand, economic growth may drive technological change and increase energy efficiency.
[39]: 257–258 Though the 1780s saw moderate economic growth, many experienced economic anxiety, and Congress received much of the blame for failing to foster a stronger economy. [ 38 ] : 613–614 On the positive side, the states gave Congress control of the western lands and an effective system for population expansion was developed.
Gross domestic product - the broadest measure of economic activity - grew at an 1.3% annualized rate from January through March, down from the advance estimate of 1.6% and notably slower than the ...
Green New Deal (GND) proposals call for public policy to address climate change, along with achieving other social aims like job creation, economic growth, and reducing economic inequality. The name refers to the New Deal , a set of changes and public works projects undertaken by President Franklin D. Roosevelt in 1933–1935 in response to the ...