Abstract

Emerging global threats to “Our CommonFuture” require much greater collective action, improvedbenefit sharing from natural resource development. This needsa new moral imperative linked to equitable outcomes, and equalclaims, including the rights of future generations. We have tofind a new approach to achieve sustainable development. AGreen Economy is an alternative vision for growth anddevelopment; which generate growth and improvements in lifein ways consistent with sustainable development. A GreenEconomy promotes a triple bottom line: sustaining andadvancing economic, environmental and social well-being. It’sfocus on sustainable development, poverty reduction, lowcarbon, resource efficient, and socially inclusive. In a greeneconomy, growth in income and employment should beenhancing energy and resource efficiency. It’s focused onincreasing GDP above all other goals. It comes with significantsocial, environmental and economic costs. Since the UnitedNations Conference on Environment and Development 1992,has focused on achieving sustainable development, economy ingeneral and green economy in particular. The research willshed light on one of the most successful case studies in greeneconomy (The Republic of Korea), and then propose a strategyas a flexible policy framework that provides seven principles toachieve green economy.