Promoting the concept, philosophy, etc. of sustainable development to economic processes is correlated with the promotion of green technologies, eco-innovation, pro-ecological economic reforms, the development of renewable energy sources, the growth of social environmental (ecological) responsibility, etc., because these issues are elements of the process of implementing the principles of sustainable development to economic processes. On the other hand, in a situation where more and more effects of pro-ecological activities are noticeable by people, then these green projects and pro-ecological activities also become a kind of elements of promoting green economy, pro-ecological lifestyle, etc. In a situation where, in the vicinity of a place of confusion, work etc. additional parks and green spaces are created, waste management is improved, air quality is improved thanks to the replacement of classic energy based on the combustion of fossil fuels with environmentally friendly energy based on the development of renewable energy sources, etc. it is people who see these effects of pro-ecological projects, implementation of eco-innovations that improve living conditions etc. appreciate pro-ecological trends and the general social awareness of pro-ecological (environmental) is growing. In this way, people realize the high importance of improving the development of civilization, improving the functioning of people on the level of human-environment relations. In this way, people notice the possibilities, the positive effects of improving techniques and systems of environmental protection, protection of biodiversity of natural ecosystems, protection of the biosphere and climate of the planet Earth. In view of the above, the pro-ecological measures mentioned above, along with the increase in the scale of their application, contribute to the growth of pro-ecological (environmental) awareness of the society.
It has multiple perspectives. Green technology is crucial for a sustainable environment. For sustainable development, many countries are facing a dilemma of choosing higher economic growth or environmental protection. Because of the fact, non-renewable resources are more compatible than renewable resources in stimulating economic growth.
What is that dilemma? Let me explain a little bit. Developed countries are developed on the grounds of consuming more non-renewable resources during their development phases, resulting in record carbon emissions. Today, those developed countries stress underdeveloped countries to use renewable energy sources that are not as compatible with growth and development as non-renewable resources are. Undoubtedly, renewable resources are environmental friendly, but underdeveloped countries are not hungry for the environment rather than swift economic growth. Thus, this is a tradeoff, and it will prevail in a long way.
What happened in the end??? The US withdraws from the Paris Climate Agreement because the US was not ready to scarify the growth and development on the environment's grounds. That is why the US and China are still leading CO2 emitting countries and leading economies on the globe.
The answer, Amel, is yes, but a heavily qualified yes. If the green technology you are studying uses less energy and less material than traditional methods, then yes, it can allow a society to leapfrog earlier, dirtier, more wasteful technology and come closer to achieving sustainability. These forms of technology can avoid the trade-off between economics and environment that Irfan mentioned above.
However, some green technology consumes more energy and more minerals/materials than earlier forms of technology. This is a particular trap with energy because energy consumption is often invisible. These issues are nicely explained in a paper by Richard Sanders, attached.
The advocates of Natural Capital such as Hawken, Lovins and Lovins often praise excellent examples of application of green technology but there is a large challenge in scaling case studies of green companies up to the scale of a country's economy.
Please note the distinction between "economic growth" which is an accounting construct, measuring the quantity of goods and services traded in markets, and "development". You should note the explanation by Frederick Soddy that debt and money can expand indefinitely, anchored to a finite quantity of biophysical wealth. In this way financial capital chasing investment returns can drive the natural environment harder. This process is unsustainable.
https://en.wikipedia.org/wiki/Frederick_Soddy (but disregard his anti-semitic nonsense).