SWOT Analysis of Green Economy in India
SWOT Analysis of Green Economy in India
Strengths
Broadly popular concept at an international level.
Positive impact on environmental, economic and social transformation.
Cross-cutting approach thus promoting cross sectorial integration
Uses local/regional practices and knowledge
Promotes stakeholder engagement and empowerment of local communities
Weaknesses
No global definition of Green Economy
Situational concept and characteristics vary according to the area under consideration
Lack of full understanding of the financial gains of transitioning to a green economy •
Unknown damages to conventional business models, “brown” jobs and incumbent
economic actors.
Opportunities
Addresses climate change and sustainability issues.
Creates qualified, stable and fair jobs.
Revitalizes economies and opens up new business opportunities
Contributes to energy independency as well as water and food security
Reduces poverty, promotes equitable distribution of wealth and social equity
Increases societal resilience to internal and external shocks
Threats
Lack of public and private funding
Challenges to changes in consumption and production patterns and life styles
Resentment to change by those who feel that their interests may be compromised or
threatened.