SEMINAR PROJECT

MBA 3RD SEM (FT)

TOPIC : GREEN RECOVERY

PRESENTED BY:
PRESENTED TO: NIKHIL SHARMA
Mrs. MAHIMA KHARE JAHANVI TOMAR
 The G20 or Group of Twenty is an intergovernmental forum comprising 19
countries and the European Union. It works to address major issues related to
the global economy, such as international financial stability, climate change
mitigation, and sustainable development.

 Formed in  26th September 1999, the G-20 promotes global economic growth,
international trade, and regulation of financial markets
BENEFITS OF G20
GLOBAL DEVELOPMENT
The G20 is well placed to
contribute to global
development agenda mainly by
strengthening development
policies and coordinating its
actions.
SUPPORT DOMISTIC RESOURCES
The G20 Call to Action for Strengthening
Tax Capacity encourages members to assist
developing countries to improve their tax
systems and benefit from the international
tax agenda.
SUSTAINABLE DEVELOPMENT
G20 work targets key areas that are
enablers for sustainable development.
Work on infrastructure is supporting
ways and means for developing countries
to prepare, prioritize and finance
projects.
HRD AND EMPLOYMENT CHALLENGES
G20 work promotes inclusive societies and
opportunities for all. G20 Coordinated work on
human resource development, in particular skills
development, will help match job-seekers with
employment opportunities.
GREEN RECOVERY

 The Green Recovery is the name

given to a series of economic
recovery measures aligned with
achieving long-term climate
change and sustainability
objectives, to move toward a
sustainable and economic model
for the planet, which is both more
resilient and inclusive.
OPPORTUNITIES OF GREEN RECOVERY

 India has repeatedly declared its commitment to climate action, particularly in promoting

renewable energy. For example, it is a founding member of the International Solar Alliance,

and recently proposed the ‘One Sun One World One Grid’ (OSOWOG) initiative for a globally

connected electricity grid in a phased manner. India has also been proactive in taxing carbon,

with a tax on coal at INR 400 per ton, and the highest duties on motor fuels in the world.

Fossil fuel subsidies have been steadily phased out over the last few years.
PRINCIPLES OF GREEN RECOVERY

THE JUSTICE PRINCIPLE 

It promotes the equitable distribution of opportunity and outcome,
reducing disparities between people, while also giving sufficient space
for wildlife and wilderness.

THE PLANETRY BOUNDARIES PRINCIPLE

It is innovative in managing natural systems, informed by their properties
such as circularity, and aligning with local community livelihoods based
on biodiversity and natural systems.
CONT.
THE GOOD GOVERNANCE PEOPLE
It promotes devolved decision-making for local economies and
management of natural systems while maintaining strong common,
centralized standards, procedures, and compliance systems.

THE WELLBEING PRINCIPLE

It focuses on growing wealth that will support wellbeing. This wealth
is not merely financial, but includes the full range of human, social,
physical and natural capitals.
CONT.

THE EFFICIENCY AND SUFFICIENCY PRINCIPLE

 An inclusive green economy is low-carbon, resource-
conserving, diverse and circular. It embraces new models of
economic development that address the challenge of creating
prosperity within planetary boundaries.
CONCLUSION

 As India continues to battle COVID-19, it must also begin on a new

path of economic revival—one that will mitigate the negative
consequences of climate change, and promote sustainable and
inclusive development in the long run. It is important to priorities
investments in sectors that could help the transition to a greener
economy. Understandably, the governments have in the first wave
of stimulus focused more on economic revival without a specific
focus on green efforts.