Abstract

Author:
Augustine Okon Jacob, Okon Joseph Umoh

Doi: 10.26480/egnes.02.2022.36.40

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

The notions of sustainable development and the green economy are inextricably linked, with just a thin line separating them. Looking at the definitions of two different concepts, for example, a green economy is defined by the Department of Environmental Affairs (DEA) as a system of economic activities related to the production, distribution, and consumption of goods and services that improves human well-being over time while avoiding significant environmental risks or ecological scarcities for future generations. However, the United Nations Environment Programme (UNEP), which inspired the GE, called for a Green Economy or, better yet, a Global Green New Deal (GGND). The GGND is a set of large-scale, internationally coordinated stimulus packages and policy actions that have the potential to expedite global economic recovery in the short term while also building the foundation for long-term sustained growth. It envisioned an economy devoted to healing the world’s damage, one that thrived through the establishment of a slew of new firms