The green economy: incremental change or transformation?

SOURCE: Environmental Policy and Governance
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2013
TITLE AUTHOR(S): J.M.Borel-Saladin, I.N.Turok
KEYWORDS: ECONOMIC GROWTH, GREEN ECONOMY, SUSTAINABLE DEVELOPMENT, TRANSFORMATION
Print: HSRC Library: shelf number 7850
HANDLE: 20.500.11910/2860

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Abstract

The concept of the green economy presented in three reports from leading global organizations is examined in this paper. These include the United Nations Environment Programme's Towards a Green Economy, the World Bank's Inclusive Green Growth and the Organisation for Economic Co-operation and Development's Towards Green Growth. The main critiques of the concept of the green economy are also considered. Contrary to views that the green economy merely represents 'green-washing' and tweaking of the current economic system, this paper concludes that the green economy has the potential to effect substantive and transformative change towards the goal of sustainable development.