Green economy

The Green Economy, as it is understood in the 21st century, is an economic model designed to function in harmony with the environment, as opposed to against it. It actively seeks to reduce environmental risks and ecological scarcities while aiming for sustainable development. It also champions the notion of not only economic, but also social well-being. Central to this model are two guiding principles – reducing emissions and minimizing waste, while increasing efficiency in the use of resources. Thus, the Green Economy and Sustainable Development Goals (SDGs) set by the United Nations (UN) are inextricably linked, both attempting to create an integrated approach to solving environmental, societal, and economic challenges.

The 17 SDGs are aimed at eradicating poverty, fighting inequality, and addressing climate change, among others. Many of these goals are directly linked to the principles of the Green Economy. For example, SDG 7 advocates for affordable and clean energy, which echoes the Green Economy's push for the efficient use of resources and lower emissions. Similarly, SDG 12, which is about responsible consumption and production, corresponds to the Green Economy's focus on minimizing waste and resource efficiency.

The Green Economy acts as a driving force to achieve these SDGs by fostering economic growth and job creation, through sustainable and environmentally-friendly practices. By directing investments into sectors such as renewable energy, sustainable agriculture, and green construction, it helps not only in achieving SDGs related to climate action and responsible consumption but also those associated with poverty eradication, zero hunger, and decent work, to name a few. Through this holistic approach, the Green Economy ensures the synergistic attainment of SDGs, promoting an inclusive, resilient, and sustainable future for all.

The relationship between the Green Economy and the SDGs is a symbiotic one, where each feeds into and strengthens the other. The Green Economy offers a practical pathway to reach the SDGs, while the SDGs provide a comprehensive framework that gives direction to the Green Economy. It’s a sustainable match made in heaven, where the implementation of one enhances the achievement of the other, making them two sides of the same coin in the quest for global sustainability and a better future for all.


One Earth, Volume 1, 20 September 2019

This article supports SDG 13 and 9 by investigating financial decision being made utilizing climate-risk assessments

International Built Environment Week (IBEW), to be held from 3 to 6 September 2019, is the most comprehensive event in Asia Pacific on the built environment. IBEW 2019 will feature 4 co-located tradeshows showcasing the latest innovations and industry solutions: BEX Asia covering the integrated design and planning space, Innobuild (IB) Asia focusing on construction 4.0, Mostra-Convegno Expocomfort (MCE) Asia zooming in on energy efficient solutions and renewable energy and Smart Cities and Buildings (SCB) Asia featuring the latest advances in urban solutions and smart cities.

Elsevier, International Journal of Hospitality Management, Volume 81, August 2019
Over the last years, the lodging industry started to implement a wide spectrum of green practices to mitigate its pressure on the environment and to respond to the growing consumers’ environmental concerns. Recently, scholar's attention to guest perception of hotels green practices has been grown. This paper through a PLS-SEM analysis, presents the results of a survey targeted to the guests of an ecolabel-awarded hotel, investigating how consumers perceive the actions implemented by hotels to reduce their environmental impacts.
Elsevier, Renewable and Sustainable Energy Reviews, Volume 104, April 2019
The advent of more proactive consumers, the so-called “prosumers” with production and storage capabilities, is empowering the consumers and bringing new opportunities and challenges to the operation of power systems in a market environment. Recently, a novel proposal for the design and operation of electricity markets has emerged: these so-called peer-to-peer (P2P) electricity markets conceptually allow the prosumers to directly share their electrical energy and investment.

Pyrolysis converts biomass into liquid, gaseous and solid fuels. This work reviews the existing models for biomass pyrolysis, including kinetic, network and mechanistic models. The kinetic models are based on the global reaction mechanisms and have been extensively used for a wide range of biomass under various operating conditions. Major emphases have been on the network models as these models predict the structural changes during biomass pyrolysis. Key aspects of various network models include reaction schemes, structural characteristics and applications to CFD simulations.

This book chapter addresses goals 12, 7, 11 and 15 by looking at the environmental and economic impact of the utilization of biomass resources.
Elsevier, Renewable and Sustainable Energy Reviews, Volume 100, February 2019
Blockchains or distributed ledgers are an emerging technology that has drawn considerable interest from energy supply firms, startups, technology developers, financial institutions, national governments and the academic community. Numerous sources coming from these backgrounds identify blockchains as having the potential to bring significant benefits and innovation. Blockchains promise transparent, tamper-proof and secure systems that can enable novel business solutions, especially when combined with smart contracts.
Elsevier, Renewable and Sustainable Energy Reviews, Volume 99, January 2019
The paper investigates the construction of strategies aiming to up-scale low-carbon innovations from pilot to full commercial scale. This requires a systemic understanding of the evolution of the technology along with the organizations and infrastructures supporting its development. Technological innovation systems concepts operationalize system building processes, including the establishment of constituent elements and the performance of key innovation activities.
To advance goal 12 and 13, this report provides guidance on the “ambition loop” — a positive feedback loop in which bold Government policies and private sector leadership reinforce each other, and together, take climate action to the next level.
This book chapter addresses goals 7, 9 and 12 by providing detail to help solve the problem of the sustainable conversion of the available feedstock to ecofuels