Title:- Understanding the Economics of Green Infrastructure: Benefits and Application.

Authors:- Dr. Pratima Chamling Rai

Volume & Issue:- Volume 1, Issue 1

Date:- 07/11/2023

Page No:- 23 – 37

DOI:- 

Abstract:- Over the past few years, a growing understanding has emerged that a healthy environment underpins the well-being and prosperity of all our communities, urban and rural. Successful regions require a healthy presence of green infrastructure for sustainable economic development. There is no doubt that both national and global authorities have discussed the transition to green and inclusive economies for a long time. Several global announcements have been made recently by India, including the 2030 Global Development Agenda and the Paris Agreement. Furthermore, as many developing countries in Asia, Africa, South America and East Europe become emerging countries, there is a certainty that urbanization will be chaotic and outside the control of local governments. Many cases have shown that strategies aimed at reducing urban poverty are associated with high budgets and do not prioritize sustainability. The public’s concern about sustainability and the environment has shifted from niche to mainstream in recent years, placing new demands on economic policymakers. Making a strong economic case for environmental improvements has been a key challenge for policymakers and practitioners. To the extent that this paper attempts to comprehend the concept of Green Infrastructure and its benefits and also recognizes its economic value and incorporates it as a framework for the development of economic policies and strategies that will enhance a sustainable economy.

Keywords:- Green Infrastructure, Economic Development, Sustainability, Environment.

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