The Green Economy – The New Magic Bullet?
The UN General Assembly called with Resolution 44/228 of December 22, 1989, for the convening of the first United Nations Conference on Environment and Development (UNCED), also known as the Rio Summit, in 1992.1 The United Nations Conference on Environment and Development was assigned to promote the transition from an economic model that is nearly exclusively oriented toward the promotion of economic growth to a model based on the principles of sustainable development in which environmental protection and the sound management of natural resources play a central role. Some 20 years later, at the Rio+20 United Nations Conference on Sustainable Development (UNCSD), held from June 20 to 22, 2012 in Rio de Janeiro, the goal was to create a “green economy in the context of sustainable development and poverty eradication.”2 This represents a new attempt to reform the institutional framework for sustainable development within the UN.
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