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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 ...
The government established the Sustainable and Renewable Energy Development Authority to support the Renewable Energy Policy through the Sustainable and Renewable Energy Development Authority Act in 2012. Bangladesh also joined the International Energy Agency after the agency was founded. [6] [7] [8]
An industrial unit established by a private entrepreneur with the support services of BSCIC. BSCIC provides medium and long-term loans to small industries, either directly, or through a consortium of commercial banks. BSCIC also provides assistance in all other matters relating to the development and expansion of small and cottage industries (SCI).
As such, green growth is closely related to the concepts of green economy and low-carbon or sustainable development. A main driver for green growth is the transition towards sustainable energy systems. Advocates of green growth policies argue that well-implemented green policies can create opportunities for employment in sectors such as ...
The key ingredient to sustainable industries is Green consumption, which stems from "the desire to safeguard resources for future generations while also enhancing their quality of life." [8] Sustainable development for businesses is a form of protection, allowing them to overcome adversity, become more stable, and maintain societal values ...
With the increasing focus on sustainable development and green industrial policy practices, industrialisation increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganisation of the economy has many unintended consequences both economically and socially.
Sustainable development overlaps with the idea of sustainability which is a normative concept. [5] UNESCO formulated a distinction between the two concepts as follows: "Sustainability is often thought of as a long-term goal (i.e. a more sustainable world), while sustainable development refers to the many processes and pathways to achieve it." [6]
Eco-industrial development (EID) is a framework for industry to develop while reducing its impact on the environment. [1] It uses a closed loop production cycle [2] to tackle a broad set of environmental challenges such as soil and water pollution, desertification, species preservation, energy management, by-product synergy, resource efficiency, air quality, etc. [3]