TITLE:
Green Economy: Issues, Approach and Challenges in Muslim Countries
AUTHORS:
Negin Vaghefi, Chamhuri Siwar, Sarah Aziz Abdul Ghani Aziz
KEYWORDS:
Green Economy, Sustainable Development, Islamic Countries
JOURNAL NAME:
Theoretical Economics Letters,
Vol.5 No.1,
January
30,
2015
ABSTRACT: Developing countries
like most of Islamic countries need an economy that promotes growth and development,
conserves natural capital, creates jobs, improves human well-being, and
alleviates poverty and
inequality. Such an economy is called green
economy. Main problems that create a hard situation to implement green economy
in most of Islamic countries are weak management, increasing poverty, many local and border conflicts, high economic
dependency on natural re- sources,
and increasing food insecurity. Governments as policy makers could introduce
policies, regulations and incentives to promote green economy. This paper
therefore attempts to discuss on how green economy can improve the livelihood security and poverty
eradication in Islamic countries. It also seeks to understand which key intervention is needed to achieve
a green economy in Muslim countries.