IMPROVING THE GREEN ECONOMY IN DEVELOPING COUNTRIES
Abstract
The concept of the green economy has gained prominence as countries seek to balance economic growth with environmental sustainability. A green economy is defined by investments and policies that reduce environmental risks and ecological scarcities while promoting social welfare and economic prosperity. For developing countries, this transition offers opportunities to leapfrog carbon-intensive development pathways, create green jobs, and attract sustainable finance. However, it also brings challenges such as limited financial resources, technological gaps, weak institutional capacity, and infrastructure constraints. This article synthesizes the latest literature and data to provide evidence-based pathways for improving green economic outcomes in developing nations.
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