Green trade is the incorporation of green concept in the trade practices which include the exchange of goods or services at national and international level.
Green trade allows the exchange of green resources or technologies through green transportation ways.
The use of natural resources like fossil fuels that cause environment destruction can be reduced by creating or increasing natural resources reserves which provides clean energy by acquiring the resources which need minimum coal, oil, or gas for production
THE GREEN GROWTH
Green growth is relatively a broader concept especially derived for reducing environmental deterioration and giving rise to the economic growth alongside.
A growth perspective that invests in human and natural capital in order to transform the trade-off between the three components of sustainable development into synergy is essential for attaining sustainable development. Green growth is a strategy of making investment in humans, and natural capital in order to make “green” a driver of environmentally sustainable economic growth
The incorporation of green growth at one side reduces the use of natural resources commodities like coal, oil, and gas while give rise to other natural resource reserves or human resources for sustaining the economic growth.
What is the impact of green trade (GT) on the natural resources including oil, gas, and coal?
What is the impact of green growth (GG) on the natural resources including oil, gas, and coal?
the subject of natural resources as a subject of their research, the current study is still a great addition to the literature with robust contributions: (1) Both the sustainable development strategies like green trade and green growth with correlation to natural resources have been addressed but they are not the part of a simultaneous research.
on the relations between green trade, showed limitation from the perspective of green growth impact on natural resources.
So, the current study that examines the impacts of green trade and green growth with correlation to natural resources is a great contribution, natural resources factor was analyzed as complete in itself or with the combination of diverse natural resource commodities.
three commodities like oil, coal, and gas are taken as natural resources for analysis and these all commodities represent unclean but traditional energy resources
THE GREEN TRADE initiative ,how government set sustainability into their trade policy. The initiative is based on 4 key principles: 1) Building a domestic industrial base; 2) boosting exports; 3) liberalizing green trade, and 4) greater alignment of trade and environmental policy.
Green trade to “promote free and fair trade”, the idea is that by boosting the export potential of our domestic green tech industry the government can also contribute substantially to the ability of other countries to operate sustainably as well as our own.
While expanding on our own sustainable infrastructure and tech domestically, we can springboard homegrown innovation into global markets.
The issue of sustainability is one that does not have borders, and therefore one that requires international collaboration.
The mechanism is removing tariffs on exports of environmental goods through Free Trade Agreements (FTA) so allowing the government not only help other countries reach their net zero targets, but also to reduce barriers to green trade for businesses.
beyond what a business can do itself, there needs to be more focus on how the government and business can work together to make supply chains sustainable. Transportation is a huge contributor to climate change, and so there needs to be clearer direction on how businesses can decarbonise their transport links.
We are keen to hear the details of how the government plans to take this agenda forward, particularly on how they will turn these policy aims into practical solutions for business.
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