The concept of "green economy" is an inspirational one and, if implemented properly, it can contribute significantly to the sustainable growth of acountry without curbing its economic aspirations.
The term “green economy” has a very has a very broad definition and a sceptical view with consideration of India. If this concept is to be truly sustainable, then the scope of its definition must include equality and human rights. More pressure and checks have to be done to keep it clear from “green washing” which is a serious issue affecting its implementation and may lead to its failure. Proper research needs to be done for new products like Biofuel, Bio plastic etc. before introducing them to market and benefits of these products have to be explored as well, keeping in mind as that they should not hinder growth nor lead to natural resource depletion (for example, Biofuel is directly related to food supply chain and leads to its trade off. Introduction of it would directly affect the population which is already fighting with food scarcity).
India has one of the world's largest populations therefore also has a vast consumer market which still has to be explored .There will be a significant increase in the rise of consumption in the coming decades as financial conditions improve. In light of this, adequate steps have to be taken and implemented, the right policies have to be drafted so that no natural resource is hindered or overexploited meaning the "green economy" concept still has a decade or two before its potential is fully explored. Addressing issues and agendas of poverty, food security, the economic crisis, climate change and measures to manage population growth is the need of the hour and require immediate attention of the government as a developing nation. No resilience is required towards usage of natural resources and requires focusing and developing technology in the renewable energy sector.
Living lightly, healthy and lively has to be preached all together. At the moment, a “green economy" is not the solution to deal with the global crisis, as this is affected by models of capitalism, production and consumption.
Author: Ajay Pal Singh/ RESET editorial