The Green Economy from an Economic Growth Perspective

Abstract

The increasing environmental crises at the global level have reshaped the understanding of sustainable development and placed the concept of the green economy at the core of economic growth policies. In this context, the green economy represents a holistic approach that envisages the redesign of economic activities within the framework of low carbon emissions, resource efficiency, and environmental sustainability principles. This article examines the relationship between the green economy and economic growth with a specific focus on G20 countries. The study first addresses the concept of the green economy on a theoretical basis and then analyzes the green economy policies implemented in G20 countries through a literature review. In addition, the performance of G20 countries is comparatively evaluated by employing indicators such as the Green Economy Index and the Environmental Performance Index. The findings reveal the effectiveness of green economy strategies in terms of sustainable growth objectives and provide policy recommendations.

Keywords: Green economy, economic growth, sustainable development, G20, environmental performance

DOI: 10.7176/JETP/15-1-08

Publication date: September 28th 2025