Toward a just green economy transition

Abstract

As more and more governments seek to find ways to handle the compounding crises of climate change, a pandemic, and other development challenges, the concept of a green economy has received significant international attention over the past few years. Defined by the UNDP as low carbon, resource efficient and socially inclusive, the transition to green economy can be achieved by leveraging the Paris Agreement and countries’ national climate pledges, or Nationally Determined Contributions (NDCs). Anticipating the impacts of green transition, guaranteeing institutional support and ensuring a fair process throughout implementation are key conditions for scaling green economy, particularly in emerging economies and developing countries.