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Green Growth
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- It refers to a framework for economic development that promotes sustainable and environmentally friendly practices.
- It recognizes the interdependence between economic growth, environmental protection, and social well-being to achieve economic prosperity while ensuring the long-term sustainability of natural resources, reducing environmental degradation, and mitigating climate change.
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Government Initiatives for Green Growth
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- Green Hydrogen Mission: Aims to transition the economy to low carbon intensity.It will help to reduce dependence on fossil fuel imports.
- Green Credit Programme: The ‘green credit programme’ under the Environment (Protection) Act will incentivize environmentally sustainable and responsive actions by companies, individuals and local bodies.
- PM-PRANAM: A new “PM Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth”. It will incentivize States and Union Territories to promote alternative fertilizers and balanced use of chemical fertilizers.
- Gobardhan scheme: GOBARdhan supports the villages in safely managing their cattle waste, agriculture waste and organic waste in Rural areas. It also helps villages convert their waste to wealth, improve environmental sanitation and curb vector borne diseases
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Conclusion
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Green growth can help governments, businesses, and communities thrive while reducing environmental impact. It involves balancing economic growth, environmental sustainability, and social well-being. We do so to build a resilient, sustainable, and beneficial future.
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