Green Economy The concept of green economy lacks an internationally agreed definition or universal principles. The Rio + 20 outcome document identifies green economy in the context of sustainable development and poverty eradication and it affirms that approach will be different in accordance with the national circumstances and priorities for each country. Accordingly, green economy in India is seen in the context of sustainable development and inclusive economic growth including poverty eradication. The Government endeavors to address all the three dimensions of sustainable development (social, economic and environmental) in a balanced manner. One of the objectives of the Paris Agreement on Climate Change is to hold the increase in global average temperature to well below 2 ?C above pre industrial levels and to pursue efforts to limit temperature increase to 1.5?C above pre-industrial levels, recognizing that this would significantly reduce the risks and impacts of climate change. The Agreement also talks about reaching the global peaking of emissions by the second half of the century, recognizing that peaking will take longer for developing country Parties. This information was given by Minister of State (Independent Charge) for Environment, Forest and Climate Change, Shri Prakash Javadekar, in Lok Sabha today.
