Green Economy for Sustainable Development

The global economy is experiencingunprecedented environmental stress due to rapidindustrialization, urbanization, and excessiveexploitation of natural resources. Rising greenhouse gasemissions, biodiversity loss, water scarcity, and climateinduced disasters underscore the urgent need forsustainable development models. The idea of sustainabledevelopment was globally institutionalized throughthe United Nations at the United NationsConference on Environment and Development,commonly known as the Rio Earth Summit, whichemphasized balancing economic growth,environmental protection, and social equity.In recentyears, the green economy framework has gainedprominence as a practical strategy to operationalizesustainable development goals. According to theUnited Nations Environment Programme, a greeneconomy is one that results in improved human wellbeing and social equity while significantly reducingenvironmental risks and ecological scarcities.