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Terms such as sustainability, the circular economy or Corporate Social Responsibility are increasingly used in the business and social sphere. Here under we will explain what the Green Economy consists of and why it's development is important.

Each day society is more aware that global warming and climate change can have important consequences in the short and long term. Therefore, many companies begin to bet on the so-called green economy, a concept that although it has been in use for a short time, seems to have a long history.

The Green Economy, according to the United Nations Environment Program (UNEP), is "one which leads to the improvement of human well-being and social equality, while environmental risks and ecological deficiency are significantly reduced."

This definition therefore reflects the Green Economy not only affects the economic sphere, but also the social and environmental sectors. Thus companies, markets, investors and society in general should support sustainable development that allows them to guarantee long-term profitability while contributing to social and environmental well-being.

In this way, those entities, whether public or private, that act with respect for nature by low carbon emissions for example will be called “green entities”, while the jobs they generate will be referred to as “green work/employment”

In this regard, European Union legislation has established more than 130 independent environmental objectives to be implemented between 2010 and 2050, which seek to make Europe move towards this green economy. Some of them are:

• The improvement of social welfare, the struggle for equity in society, combating scarcity and reducing threats to the environment.
• The efficient use of resources, reduction of carbon emissions and social responsibility.
• The increment of public resources for combating carbon emissions and for the creation of green jobs.
• The firm commitment in relation to energy efficiency and biodiversity.

The Green Economy allows the evaluation level of economic transformation and growth in “green companies”, analyzing the impact of development level according to the extraction and use of available resources as well as assessing the social impact according to the general access to basic resources, health and education.

The picture was taken from the site https://pixabay.com/.