What is a Green Growth?

What is a Green Growth?

Green Growth is defined by the OECD as a growth model in which environmental factors and natural resources continue to ensure the welfare and well-being of people, while at the same time the economy develops taking these aspects into account (OECD, 2011).

Developments such as global climate change, population growth, depletion of natural resources and increasing environmental pollution threaten the future of the world. In order to cope with these serious threats, the transformation of economies has become a mandatory path for sustainable growth for many countries. Green growth has emerged as a growth model for the realization of this transformation.