Green Growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies.
Global climate change, growth of population, decrease in natural resources, an increase in environmental pollution are threatening the world’s future. The goal of the ‘transformation of economies’ has become important for more countries in coping with these threats on their road to sustainable growth aims. Green growth is a growth model oriented to materialize this transformation.
Traditional economic growth theories pursue a goal to increase the wellbeing of people by using insufficient funds. In these theories, prosperity is calculated by the gross domestic product and an increase in revenue. However, industrialization and urbanization take place in agenda with insufficient sources and environmental problems, and that put forward that both indicators are insufficient to present the wellbeing of people. As a result of the environmental problem’s effects on prosperity and economic development, the model of green growth leans on a more respectful structure to the environment for the wellbeing of people and economical progress.