AN INTRODUCTION TO GREEN ECONOMICS: A SURVEY OF IMPORTANT CONCEPTS AND SUGGESTIONS FOR POLICY
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Syed Javid Ashraf
Farooq Ahmad Mala
The current global economic system is unsustainable and has led to environmental degradation, climate change, and social inequality. A transition to a green economy is necessary to ensure a sustainable and equitable future. This paper provides an orientation for a green economics by reviewing key concepts and policy recommendations. The paper first defines green economics and its key principles. It then examines the concept of sustainable development and the role of ecological economics in promoting sustainable development. The paper also discusses the importance of a circular economy and the need for a just transition to a green economy. Finally, the paper presents policy recommendations for transitioning to a green economy, including carbon pricing, renewable energy subsidies, and green job creation
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