A New Frontier for Green New Deals: Incorporating Ecosystem Approaches and the Fourth Industrial Revolution in Developing Economies

Publication Type:
Thesis
Issue Date:
2023
Full metadata record
This thesis delves into the intricacies of the Green New Deal to promote equitable sustainability transitions in both developed and low-income economies, taking into account the difficulties posed by the COVID-19 pandemic and persistent geopolitical conflicts. To dissect this multifaceted issue, the study concentrates on the financial hurdles and prospects, technology adoption and transfer, as well as tailor-made strategies for various geographies and economies. Findings from the eight (8) publications, forming this thesis by compilation, underscore the crucial role of Green New Deals in realizing sustainability objectives and fostering social and economic justice. The research accentuates the importance of crafting these deals to cater to contextual needs and establish social protection frameworks, pinpointing major financial challenges and opportunities in global sustainability transitions. Additionally, it highlights the significance of various stakeholders, such as governments, industries, regulators, and communities, in tackling these challenges. The thesis sheds light on the potential of technology adoption, transfer, and innovation in hastening sustainability transitions, and probes the necessary support mechanisms to expedite these processes. Furthermore, it examines the detrimental effects of the COVID-19 pandemic and the Russia-Ukraine conflict on technology advancement and transfer, leading to restricted access to green technology for developing nations and Small Island Developing States (SIDS). Providing an extensive analysis of climate change adaptation and mitigation research in Africa, the study advocates for a Global Planetary Ecosystem Accounting system. It underscores the need for Green New Deals to be structured in a way that addresses contextual requirements and expedites sustainability transitions, complemented by social protection frameworks. This approach ultimately empowers countries to pursue equitable sustainability transitions that prioritize inclusivity and economic fairness.
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