In context of climate change amp domestic mitigation strategy a reference is often made to the need ...........

Environment and Ecology Envirnment and Climate Change

In context of climate change & domestic mitigation strategy, a reference is often made to the need to adopt policies & measures aimed at promoting green growth. The objective of ‘Green Growth’ or ‘Greening the economy’

1. Need not be reduction of GHG emissions in absolute or relative sense.

2. Must be squarely placed in the context of sustainable development.

Select the correct answer using codes given below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Green growth is the means by which the current economy can make the transition to a sustainable economy while reducing pollution and greenhouse gas emissions, minimising

waste and inefficient use of natural resources, maintaining biodiversity, and strengthening energy security.

During and after the finincial crisis of 2008, many warned that global warming would become a lesser priority within world politics. While this was true in the initial stages of recovery, the following financial stimulus packages of a number of countries (e.g. South Korea) included USD billions to finance clean energy projects. South Korea made the most notable contribution, investing 80% of its $38 billion stimulus into “green growth”.

Green-powered development is now gaining traction as a way to sustainably stimulate national economies, and South Korea is seen as the model, along with Denmark which plans on being carbon-free by 2050.