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Article 11: Green economy

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Article 11- Green economy

Contents

1. Concept of Green economy

Recent Posts
2. Green accounting
GS Article
3. Green GDP –2:
1
4. Green Skilling Important
committees
5. Green Public Procurement

6. Quiz December
27, 2018
Concept of Green economy
GK Article
The green economy is defined as an economy that aims at reducing – 1:
0
environmental risks and ecological scarcities National
Symbols
It  aims for sustainable development without degrading the environment.
of India
The 2011 UNEP Green Economy Report says “that to be green, an economy must

not only be efficient, but also fair”.  Fairness implies socially inclusive. December

The United Nations system views green economy as a means for achieving 26, 2018

sustainable development and eradicating poverty.

Article 12:
Consumer
0
Rights


December
25, 2018

Article 11:
Green
0
economy


December
23, 2018

Article 10:
Main sectors:
Inclusive
0
1. Renewable energy growth
and NITI
2. Green buildings
Aayog
3. Sustainable transport 

4. Water management December

18, 2018
 5. Waste management
6. Land management
IES-GS Paper1
Green accounting strategy

The term Environmental accounting was used for the first time in the year 1980s
How to cra…
by Professor Peter Wood.
Environmental accounting or green accounting is a new branch of accounting
that aims at accounting for the Environment and its well-being.
It deals with most important factors-
Motivational lecture
1. People,
2. Profitability and
Motivation…
3. The planet and
4. Deals with the costs and the advantages or benefits an environment brings to a
business concern.

Important dates for

ESE

Mains exam 2018

Date: 01-07-18

Preliminary exam 2019

Notification – September
2018

Last date to apply- October

2018

Objectives of green accounting: Exam Date – January 2019

1. To assess environmental costs and benefits to a concern.

2. To segregate and categorize various Environmental costs.
3. To Link Physical Resources with Environmental Accounts monetarily.

The Importance of Green accounting:

1. Changes in the environment have a negative bearing on not just the Environment
but on the economy as a whole.
2. The Gross domestic product of a country can be affected by the environmental
and climatic change.
3. People become more aware and conscious of Environmental issues, the need for
sufficient and appropriate corporate disclosures is growing all the more.
4. Exploitation of natural resources in sustainable way
5. Changes in the global climatic factors

Steps that are already being taken by India – CSR

The government of India through the new Companies Act of 2013 made
Corporate Social responsibility (CSR) mandatory for Companies who fall within
any of the 3 categories mentioned below:
 1. Companies having net worth of INR 500 crore
2. Companies having turnover of INR 1000 crore or
3. Companies having net profit of INR 5 crore

It has to spend at least 2% of its average net profits of the last 3 years on CSR
activities.
In addition to these Companies in India also have to disclose particulars relating
to conservation of energy, technology absorption and foreign exchange earnings
and outgo.

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Green GDP

Green GDP is a term used generally for expressing GDP after adjusting for
environmental damage.
Green GDP means that it accounts the monetized loss of biodiversity, costs
caused by climate change.
It’s a measure of how a country is prepared for sustainable economic
development.

Measuring ‘green GDP’ of States by India:

The government will begin a five-year exercise to compute district-level data of

the country’s environmental wealth starting from 2018.
The numbers will eventually be used to calculate every State’s ‘green’ Gross
Domestic Product (GDP).
The metric will help with a range of policy decisions, such as compensation to be
paid during land acquisition, calculation of funds required for climate mitigation,
and so on.

Green skilling

The government has launched a ‘green skilling’ programme.

 Youth, particularly school dropouts, would be trained in a range of ‘green jobs’—
as operators of scientific instruments used to measure environmental quality, as
field staff in nature parks, and as tourist guides etc.

Green Public Procurement

Green Public Procurement (GPP) may be simply defined as “Public procurement

for a better environment“.
It is a process whereby public authorities seek to procure goods, services and
works with a reduced environmental impact throughout their life cycle when
compared to goods, services and works with the same primary function that
would otherwise be procured.

Importance of GPP:

1. Influencing the market by promoting and using GPP, public authorities can provide
industry with real incentives for developing green materials, technologies and
products.
2. It is a strong stimulus for eco-innovation.
3. Conservation of Environment

Green Public Procurement that will ensure that procurement decisions take the
following key factors into account when evaluating goods and services:
 Economic: The need to achieve better value for money with the financial
resources available
Environmental: The product, service or work requirements should include
environmental performances following environmentally friendly production
methods, higher energy efficiency as well as maximum use of renewable energy,
lower generation of waste and emissions and avoiding use of non-biodegradable
and toxic substances.
Social: reduction of poverty and inequality: promoting security and social
inclusion; improving working conditions and employee welfare; promoting gender
balance.

Quiz
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us right.

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