Balance is the key to success in Life. Businesses need to fine tune their growth parameters to ensure the Economy is in complete sync with Environment. This is also the need of the hour; otherwise it will lead to catastrophic aftereffects on the whole socio ecological system. Fuelling economic growth is directly linked to surge in GDP (Gross Domestic Product) or real output measured in lieu of goods and services. Whereas, Environment stability means understanding nature, accepting sustainability and implementing green innovative technology to safeguard the environment by mitigating the harmful effects of CO2 (carbon emissions) and mapping them through Genuine Performance Indicators (GPI).
The ongoing Corona Virus pandemic has shown the global world that it’s imperative for economies to fine tune and be consistent with the environmental impact of their actions or Perish.
Facts and Figures
Denmark, Estonia, UK, Italy and the Slovak Republic were the top countries as per progress on green growth since year 2000 says OECD (Organization for Economic Co-operation and Development).
Switzerland and Sweden have reflected highest level of Carbon Productivity.
Slovak Republic, Latvia and Poland have all managed to reduce their CO2 emissions as their GDP have risen.
Iceland, Costa Rica and Sweden have the highest share of renewables in their schemes of energy mix.
China, US, India |& Brazil extract the most non energy raw materials, majorly biomass whereas South Africa and Canada mostly extract metals. The Netherland, UK and Japan are the top ranked in metal productivity.
Air Pollution is dangerously high and rising as per WHO standards in China & India.
Since 2000 there is a notable surge in green energy & technologies which has boosted productivity and growth simultaneously. India and China are contributing handsomely in the go green integrations.
Urgent Actions for Implementation towards a Greener Growing Economy
• Shifting Non Renewables to Renewables quickly
• Social Cost Pricing (Including Carbon Tax)
• Environmental Policies for Public Health Enhancement
• Green Technologies ( EV & Green Energy) to reduce Carbon Footprints
• Target GDP with GPI (Mix Economic Statistics with Life and Environmental Quality indicators)
• Promote Inclusive and Sustainable Economic Growth
Economies should proactively promote two key objectives, firstly controlling Green House Gasses (GHGs) and simultaneously maintaining Growth. This means that Carbon Productivity or GDP produced per unit of carbon emitted (CO2e) must increase alarmingly.
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