THE ENCOURAGING Signs of Renewable Energy Sector

Green Economy: Creating a bridge towards sustainable prosperity

May 19 2012 - THE ENCOURAGING signs of renewable energy sector over the recent years has led to a positive attitude towards realization of Green economy - an alternative vision for growth and development; one that can generate growth and improvements in people's lives in ways consistent with sustainable development. Amid growing concerns of climate change and receding reserves of fossil fuels, the concept of green economy holds ground - where many experts feel lies the future jobs and opportunities.The energy sector plays a key role in climate change whose costs in terms of adaptation are estimated to reach US$50-170 billion per year by 2030, half of which is to be borne by developing countries, having an adverse effect on the poor masses. In the era of falling economies and recession, unemployment remains high. Fossil fuels are under increased scrutiny, and governments are looking to cut costs.

These underwhelming realities have shifted the attention of governments toward the feasibility and employment potential of the green community. Several national studies done over a period of time have concluded that green investments tend to be more employment intensive at least in the short to medium term which can even be translated into higher employment levels provided that wages and labour productivity are conducive to growth opportunities.Although the concept of green economy is still debated, many organizations now have a shared understanding of the concept. At the most basic level, a green economy is one that generates increasing prosperity by creating jobs without causing environmental damage and maintaining the natural systems that sustain us. In simple terms, green economy is the sector that produces goods and services with an aim of advancing economic, environmental and social well-being. read more>>>