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The UN representative, further reinforces the current economic climate which is already both innovative and geared towards clean growth and positive environmental impact; Zhenmin points out, however, that policies on a global level, as well as on a national and corporate level need to be redefined and geared toward fostering clean economic growth.
The UK Office for National Statistics published the following definition in 2017: "The low carbon economy is defined as economic activities that deliver goods and services that generate significantly lower emissions of greenhouse gases; predominantly carbon dioxide." [5]: 2
Some public utilities help plan or install residential energy upgrades. Many national, state and local governments have created green banks. A green bank is a quasi-public financial institution that uses public capital to leverage private investment in clean energy technologies. [215]
Cleaner production is a preventive, company-specific environmental protection initiative. It is intended to minimize waste and emissions and maximize product output. [1] By analysing the flow of materials and energy in a company, one tries to identify options to minimize waste and emissions out of industrial processes through source reduction strategies.
Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits.
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Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [ 1 ] [ 2 ] [ 3 ] It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required.
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