1. IMPACT OF GREEN ENERGY
DEVELOPMENT ON
ECONOMIC GROWTH
Presented by :- Aditi Tripathi
MBA 1st year
2. ABSTRACT:-
Investments made at the private and public levels in
economic activities, infrastructure, or assets that enable
decreased carbon emissions and pollution, improved energy
and resource efficiency, and prevention of the loss of
biodiversity and ecosystem services are what drive growth in
employment and income in any green economy.
This research examines the effects of green energy production
on the expansion of the global economy today. Agricultural
marketing demonstrating the manufacture of some extremely
practical green goods that are useful in a variety of markets
throughout society.
Keyword- Green energy, resources, economic growth, carbon
emission, GDP.
3. WHAT IS GREEN ENERGY?
A resource cannot be considered green energy if it produces
pollution, as is the case with fossil fuels. Therefore, not all of
the sources employed by the renewable energy sector are
environmentally friendly. Because of the CO2 released
during the burning process, power generation from organic
material from sustainable forests may be renewable but it is
not always environmentally friendly.
7. SIGNIFICANCE OF THE STUDY:-
Green energy is vital for the
environment since it
substitutes more
ecologically friendly
options for the negative
consequences of fossil
fuels. despite the fact that
it is obtained from a variety
of natural resources It is
renewable in nature and
emits none or very few of
the available greenhouse
gases.
8. WHAT IS ECONOMIC GROWTH ?
Economic growth can be understood by any rise
within a country's development of commodities
and services. The overall output of commodities
and services, as well as their exports and import,
contribute towards overall increase in any
country's GDP.
11. FINDINGS AND OUTCOMES OF IT ON THE GDP OF
INDIA:-
The green economy has lately emerged as a prominent idea
on the global agenda for sustainable development. Over the
previous decade, India's tremendous growth has created job
possibilities and aided in the improvement of living standards.
However, its spectacular growth record has been hampered
by a deteriorating environment and diminishing natural
resources, necessitating huge moves toward a green and
decarbonized economy. COVID-19 has shifted consumer
focus to a greener economy, forcing brands to adopt
sustainability as a default. As a result, India must shift to a
circular economy with the help of the government and
enterprises.
12. Some green energy developing organizations in
India are -
1-GREEN ENERGY DEVELOPMENT CORPORATION OF
ODISHA
2-WEST BENGAL GREEN ENERGY DEVELOPMENT
CORPORATION
3-KOSHI GREEN ENERGY DEVELOPMENT
13. Conclusion:-
In this study, we convincingly discovered as a source of energy
that is developed by combining several natural sources that do
that green energy development has an impact on economic
growth. Green energy is defined not pollute our environment.
It is also capable of accelerating a country's economic progress.
As more people use green energy, the environment will become
cleaner and pollution-free. This technique will generate a variety
of work prospects in the future. Products that can be used with
green energies will be affordable to everyone and easy to
obtain and purchase.