iStock_000080668915_SmallA sustainable social and ecological society can create diverse opportunities for economic development (creation of new jobs, for example) while stimulating mechanisms that favor social cohesion.

Poverty is a condition that today affects millions of people in Latin America. It is related to inequality in access to education, health care, credit, income-generating opportunities and property rights. One of the fundamental characteristics of the green economy is that it facilitates the conditions of economic development without wasting or eroding the natural assets of a country; its main objective is, as the chart illustrates, to be the center of balance between social equality, environmental protection and economic development.

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Here are some positive aspects of the green economy that contribute to improving the living conditions of the poorest sectors:

  • “Greening” agriculture in developing countries by concentrating on owners of small enterprises can reduce poverty and enable investment in the natural capital on which the most disadvantaged sectors depend.
  • Investing in the provision of clean water and sanitation services to the most needy population, is one of the most effective ways to accelerate the transition to a green economy.
  • Use renewable energy as a cost-effective strategy to eliminate energy poverty.
  • Developing tourism in a planned way can improve the local economy and reduce poverty.

In a nutshell, in a green economy income growth and job creation must be the product of public and private investments aimed at:

  • Reduce carbon emissions and pollution.
  • Promote energy efficiency as well as efficiency in the use of resources.
  • Avoid loss of biodiversity and ecosystem services.
  • Promote sustainable production and consumption.