First of all, Green Economy is not an economic concept or term. It is more of a scientific necessity and solution.

THIS NEEDS SOME EXPLANATION After the industrial revolution in the 18th century, the industrial growth of the world went about in an unchecked pace. The result was that, by the mid 20th century a vast amount of natural resources had been indiscriminately exploited, wasted and used up to satisfy mans growing needs. This, more importantly, meant that the pressure on the environment was tremendous. Only some years ago people realized that the concept of global warming was the biggest threat to the existence of humanity. Global warming and environmental degradation have their roots in industrialization. Therefore people needed a strategy to control global warming. This meant that industrial production would have to be cut down. But people were not ready to slow down the economy too. Therefore they needed a