It is an economy whose growth, in terms of income and employment, is driven by public and private investments that foster innovation, committed to reducing carbon emissions and pollutions, enhancing energy and resource efficiency, and preventing the loss of biodiversity and ecosystem services.
The UN Conference on Sustainable Development (Rios+20), held in 2012, confirmed and endorsed the concept of a Green Economy as a path for fostering economic growth and development while preserving natural assets. Growth has to be inclusive, especially in the form of job creation and skills development, in order to lift people out of poverty and build greater social cohesion. Only if Green Growth is human-centred and takes concepts such as equality, access and pro-poor growth into account, it may become a relevant model for developing countries.
Greening the economy in an inclusive manner calls for models adapted to each country context, based on their specific political, economic and social realities, integrating strong political commitment, with long-term societal transformation towards a greener and more inclusive development.