Green Economy - A New Dimension of Development

• Author: Raluca Mihalcioiu
• Position: Senior Lecturer, PhD, Spiru Haret University, Bucharest, Romania
• Pages: 161-165

Green Economy

Abstract: The “

Green Economy” ha

key strategic tool for sustainable d

countries -

for developing but also fo

to accelerate the economic transform

of business, trade unions and envi

application ways. After 4 years of cr

avoid but at least s often their negati

economy and describes its charac

ter

the question if the green economy

development. Moreover, the article

between environment and economy.

Keywords:

sustainable development

1. Introduction

As a new global economic paradig

development breakthrough. But its

economy and development models,

term of „sustainability”, and it is als

United Nations Environment Progra

improve well-being and social

equit

scarcities, many doubt that the conc

development.

2. Definitions of “Green Econom

According to th

e definition of the W

the so-

called “Brundtland Commiss

that meets the needs of the present g

to meet their own needs. Sustainab

protection of the environment and na

Can be added anything new to this

economy” were formulated different

1

Senior Lecturer, PhD, Spiru Haret Univer

+4021 455 1000.

Corresponding author: ralu

Performance and Risks in the Eu

rop

my

– A New Dimension of Development

Raluca Mihalcioiu

1

has been rec ognized by the international community (U nited Nat

development. The transition to a green economy must be a ta

for developed countries. Ec

onomy and consumers should therefo

ormation for their own interests. In developing this c oncept repre

nvironmental organizations are involved to ensure the practica

f crisis the concept of the green econo my is an important principl

ative effects. This paper focuses on definitions upon the conc ep

teristics in relation with the social market. It also tries to find the

y is the best way to choose in or der to provide a sustainable

le critically examines the concept of t

he green economy at the in

y.

ent; economy; environment; performance; social equity

digm the concept of green economy wants to help t

ts social skills still need to be proved. In the search f

ls, the concept of “green econom

y” increasingly take

also based on the idea of a global “Green New Deal”.

gramme (UNEP) defines „Green Economy” as an ec

uity, while significantly reducing environmental risks

ncept of Green Economy is able to stimulate the idea

omy” and Sustainability

e World Commission on Environment and Developme

ission”, the concept of sustainable development descr

nt generation without compromising the ability

of futu

nable development thus combines economic develop

natural resources as well as social needs.

is concept of sustainable develo

pment? For the defini

ent approaches by both the United Nations Environme

versity, Bucharest, Romania

.

Address 13, Doamnei Str., Buchares

aluca@spiruharet.ro.

opean Economy

161

Nations) as a

task for all

efore be able

presentatives

icability a

nd

iple if not to

ept of green

he answer of

le economic

intersection

p the sustainable

h for sustainable

akes place of the

l”. But while the

economy which

ks and ecological

ea of sustainable

ment from 1987,

scribes a process

uture generations

opment with the

inition of “green

ment Programme

rest, Romania

. Tel.: