Page 156 - Ebook HTKH 2024

has not been comprehensively recognized by the international legal system, most
bilateral or multilateral agreements signed concerning the economy and trade almost

always include commitments to environmental protection and refer to green growth.
The popularity of this term can be seen as clear evidence of the initial success of
implementing the green growth program in practice. However, an agenda cannot be
effectively realized if it solely relies on political statements. Hence, how have legally
binding tools played a role? How has the content of green growth been "legislated"?
These are the questions that form the premise for this research.
In the following study, the author will (1) approach the term "Green Growth" from
the perspective of international law; (2) highlight the legal basis for implementing green

growth in practice by correlating the content of green growth with existing legal
mechanisms; (3) from there, provide some analyses, comments, and forecasts regarding
the goal of green growth from the perspective of international law.
2. Theoretical foundation
2.1. About green growth
There are many definitions of green growth put forward by international
61
organizations such as the United Nations Green Growth Initiative , OECD , and the
62
63
Economic and Social Commission for Asia and the Pacific . Although the definitions
are not yet fully unified, they generally contain similar basic content. Specifically, green
growth is defined as a program developed and implemented to carry out measures
beneficial for economic growth and development, while ensuring that natural assets
continue to provide resources and environmental services contributing to the prosperity
of the country. Green growth focuses on promoting investments and innovations to
support sustainable development and create new economic opportunities.
Green growth is realized through a series of measures and policies that have aimed
64
at promoting sustainable economic development and protecting the environment.
Some common approaches to achieving green growth include:
• Investing in green technology: Countries and businesses invest in
environmental-friendly technologies such as renewable energy (solar, wind, biomass),
energy-saving technologies, and solutions to reduce greenhouse gas emissions.
• Supportive policies: Governments enact supportive policies such as tax

incentives, subsidies, and grant programs to encourage businesses and individuals to
adopt green measures.
• Education and awareness-raising: Enhancing education and raising community
awareness about the importance of environmental protection and sustainable

61 UNEP (2011). Towards a Green Economy: Pathways to Sustainable Development and Poverty Eradication.
62 OECD (2011). Towards Green Growth.
63 UNESCAP (2012). Low Carbon Green Growth Roadmap for Asia and the Pacific, Turning resource
constraints and the climate crisis into economic growth opportunities.
64 Fiorino, Daniel J (2017). 'What Is Green Growth?', A Good Life on a Finite Earth: The Political Economy of
Green Growth, Studies Comparative Energy and Environ (New York, 2018; online edn, Oxford Academic, 21
Dec. 2017), https://doi.org/10.1093/oso/9780190605803.003.0002, accessed 6 Sept. 2024. See also OECD
(2017). Green Growth Indicators 2017, OECD Publishing, Paris.

148