An internet search of "green economy and UN" leads to the following definition in Wikipedia:
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“Green Economy The green economy is defined as economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a just transition to an economy that is low-carbon, resource efficient, and socially inclusive."
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If green economies work through green markets, which aim at making pollution/carbon reduction a profitable exercise for firms/the economy through green market pricing, then a green economy is a world where green producers and green consumers respond to green market price signals to clear the market.
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This seems to be inconsistent with the UN view above of green economy. Therefore, I think the UN is using a definition of green economy inconsistent with the nature of green markets, What do you think?
Definitions can be changed so not wrong but old definitions may be used
I think green economy is an approach. It isnt a single concept. Green economy has principles. But it has no system or theory in deep.
Seda, good day. Thank you for writing.
The question relates to whether the UN is using a definition that is inconsistent with the nature of the green economy.
Think carefully....
Do you think that the definition of Green Economy the UN is using is the right one? If yes, why do you think so?. If not, why do you think so?.
Respectfully yours;
Lucio
Hello Lucio,
I'm with Seda as a green economy is an approach towards achieving SDG goals. The definition itself can be adapted with the context. I thin UNEP definition is not the wrong just way of using in practice is the things. I also used the UNEP definition in my research.
All the best
Good day Sony, thank you for writing
Think about it, the traditional economy is an approach to pure capitalistic goals, and it is supported by the traditional market theory; and therefore, this market is cleared by traditional market prices. It is a socially and environmentally unfriendly economy approach.
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The green economy is an approach to green capitalism, and it is supposed to be supported by green market theory; and therefore, this new market is cleared by green market prices. It is a socially unfriendly, environmentally friendly economy approach.
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If the green economy definition, and therefore, the approach to achieve the SD goals the UN is using is not consistent by green markets and green market pricing thinking, then you have a DWARF green economy approach, not a green economy approach to eco-economic issues, pointing to a serious violation of the theory-practice consistency principle...trying to solve green market issues using non-green market thinking...
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Just think about it....
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You can find some good food for thoughts in the following article:
The Flipping of Traditional Economic Thinking: Contrasting the Working of Dwarf Green Market Thinking with that of Green Market Thinking to Highlight Main Differences and Implications
https://www.researchgate.net/publication/334535200_The_Flipping_of_Traditional_Economic_Thinking_Contrasting_the_Working_of_Dwarf_Green_Market_Thinking_with_that_of_Green_Market_Thinking_to_Highlight_Main_Differences_and_Implications
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It is Thanksgiving Day in Canada, my best wishes to all!.
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