ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Is a 'Green Economy' Possible?

The outcome of the 2012 Rio+20 summit was a sleek 53-page declaration, The Future We Want, reaffirming all that is to be done in the years to come. The same was said at the 1992 Earth Summit as well. The only thing added in 2012 was the concept of the "Green Economy" to reduce the impact of the Brown Economy model of growth the world over. he Green Economy model is portrayed as an opportunity to enhance ecosystem services, and enable growth and sustainable livelihoods for the poor. But this well-intended vision is without a design to enable green investments to reduce carbon intensities and a framework for creating global Payment for Ecosystem Services (PES) market opportunities without jeopardising the basic right to livelihood. The 2012 report reveals a total disjoint between a vision and the operational feasibility of a Green Economy.

An earlier version was presented as Kamath Helekar Memorial lecture at Goa University, 2012.

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