A Theoretical Basis for Green Growth

This paper suggests a theoretical model of inclusive green growth. Paper analyses development mechanism through which natural resource capital regenerates (or at least non-degrade) and contributes to economic growth. Climate change is a threat to save natural resources which is a crucial productive capital in the economy and also challenges economic development in the 21st century. New development strategy is the inclusive green growth that leads towards sustainable development. This paper suggests policy inputs regarding regeneration of natural resource and its preservation in term of water shed development, flood control or development of ecosystem services through creation of jobs in the channel of productive consumption. Policy makers should focus on employability, regeneration and preservation of natural resource capital for sustaining livelihoods in the economy.