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Green Economy

The United Nation Environment Programme (UNEP) defines green economy as a system of economic activities related to the production, distribution and consumption of goods and services that result in improved human wellbeing over the long term, while not exposing future generations to significant environmental risks or ecological scarcities. Its characteristics are low carbon emissions, rational resources uses and social inclusion.

Green economy is a recent UNEP initiative which was complemented and supported since by the Organisation for Economic Cooperation and Development (OECD) and the European Union (EU) with the aim of assisting governments in a “greening” process of their economies.

Green economy has received a consequent support because it provides a double solution:


Green economy puts at the centre of its reflexion the process of economic growth and job creation and therefore seeks to identify the synergies between economic growth and environment protection. The underlying principle is innovative: the environment protection and its restoration constitute economical activities creating added value and employs.

By extension, green economy also includes the economical activities related to the environment protection and restoration. As such, it designates an aggregate of eco-activities which was initially grouped in the 90s under the term of eco-industries. Thus, green economy refers to a “greening” process of an economy as well as to the development of green activities and jobs.


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