Giving it a historical perspective, green growth takes the economic growth model that has endured since the start of the industrial age, and seeks to turn it inside out. This has meant taking a hard look at laissez faire economics and being much more deliberate in ensuring “external” costs are fully internalized in national economies by planning more strategically. Success is measured not only by profits and economic gain, but also by overall advances in social and environmental value, including job creation, poverty reduction, and sustainable use of natural resources.
The global community has been making great strides in promoting green growth as a smarter, better, more successful model of economic growth. But implementing it has been easier said than done. In practice, many socially inclusive initiatives have been left on the sidelines, and overarching social crisis persists. Read more at greengrowthknowledge.org